This chemical is primarily utilized as an intermediate in organic synthesis, particularly in the production of specialized dyes and pigments. Its unique structure allows it to act as a precursor in the development of compounds with specific color properties, making it valuable in industries such as textiles and printing. Additionally, it finds application in the synthesis of certain pharmaceuticals, where its brominated and nitro groups play a role in constructing complex molecular frameworks. Its reactivity also makes it suitable for use in research and development of novel chemical compounds, particularly those requiring halogenated intermediates.