Used in organic synthesis as an intermediate for the preparation of more complex molecules. It is particularly valuable in pharmaceutical research for developing compounds with potential biological activity. The presence of multiple functional groups allows for versatile chemical modifications, making it useful in the creation of drug candidates. Additionally, it can be employed in material science for synthesizing advanced materials with specific properties. Its nitro group makes it a potential candidate for studies involving nitroaromatic compounds, which are often explored for their electronic and energetic characteristics.