Used primarily in organic synthesis as a versatile intermediate for the production of various chemical compounds. It serves as a key reagent in the preparation of pharmaceuticals, agrochemicals, and dyes due to its reactive bromine and nitro groups. The compound is also employed in research laboratories for studying nucleophilic aromatic substitution reactions, as its structure allows for selective chemical transformations. Additionally, it finds application in the development of advanced materials, such as polymers and coatings, where its functional groups contribute to specific properties like stability and reactivity.