Used primarily as an intermediate in organic synthesis, this compound plays a crucial role in the production of various pharmaceuticals and agrochemicals. Its nitro and cyano groups make it a versatile building block for constructing complex molecules, particularly in the development of active pharmaceutical ingredients (APIs). Additionally, it is employed in the synthesis of dyes and pigments due to its ability to introduce specific functional groups into aromatic systems. Its bromine atom also allows for further functionalization through cross-coupling reactions, making it valuable in materials science for creating advanced polymers and coatings.