Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of pharmaceuticals and agrochemicals. Its boronate ester group makes it valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds for complex molecule construction. Additionally, it is employed in the development of advanced materials, such as organic semiconductors and polymers, due to its ability to introduce functional groups into aromatic systems. Its nitro group further enhances its reactivity, making it useful in various chemical transformations.