Primarily used as an intermediate in organic synthesis, this compound plays a key role in the production of pharmaceuticals and agrochemicals. Its reactive sites allow for further functionalization, making it valuable in creating complex molecules. In the pharmaceutical industry, it is often utilized in the synthesis of active ingredients for medications, particularly those targeting specific biological pathways. Additionally, it serves as a building block in the development of dyes and pigments, contributing to the coloration of various materials. Its nitro group makes it useful in reactions involving reduction or substitution, enabling the creation of diverse chemical derivatives.