This compound is primarily utilized in the synthesis of complex organic molecules, particularly in pharmaceutical research and development. It serves as a key intermediate in the production of various drugs, especially those targeting specific enzymes or receptors. Its nitro and ester functional groups make it a versatile building block for creating compounds with potential therapeutic properties. Additionally, it is employed in the development of dyes and pigments, where its structure contributes to color stability and intensity. In material science, it is explored for its role in creating advanced polymers with specialized properties. Its applications are driven by its ability to undergo selective chemical transformations, making it valuable in both industrial and academic settings.