This chemical is primarily used in organic synthesis as an intermediate for the preparation of various compounds. It serves as a building block in the development of pharmaceuticals, where it can be utilized to introduce nitro and ester functional groups into target molecules. Additionally, it finds application in the synthesis of agrochemicals, contributing to the creation of herbicides and pesticides. Its role in research and development is significant, particularly in exploring new reactions and pathways in synthetic chemistry. The compound’s reactivity makes it valuable in the production of fine chemicals and specialty materials.