Used primarily in organic synthesis as an intermediate for pharmaceuticals and functional materials. Acts as a building block in the preparation of fluorescent dyes and optoelectronic materials due to its conjugated structure and electron-withdrawing properties. Employed in research for developing sensors and bioactive compounds. Also utilized in the synthesis of advanced polymers and as a reagent in cross-coupling reactions. Its nitro group allows for further functionalization, making it valuable in medicinal chemistry for creating complex molecules.