Used in organic synthesis as an intermediate for the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in the development of fluorinated compounds, which are often sought after for their enhanced biological activity and stability. The nitro and hydroxyl groups present in the molecule make it a versatile building block for further chemical modifications, such as reduction, substitution, or coupling reactions. It is also employed in the synthesis of dyes and other fine chemicals, where the fluorine atom can impart unique properties to the final product.