This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various chromene derivatives. These derivatives are often explored for their potential biological activities, including antimicrobial, anti-inflammatory, and anticancer properties. Additionally, it is used in the development of fluorescent dyes and sensors due to its chromene backbone, which can exhibit strong fluorescence under certain conditions. Researchers also employ it in the study of photochemical reactions, leveraging its nitro group for light-induced transformations. Its applications extend to material science, where it contributes to the synthesis of novel organic compounds with potential use in optoelectronic devices.