Used primarily as an intermediate in organic synthesis, it plays a key role in the production of various pharmaceuticals and agrochemicals. Its nitro group makes it a valuable precursor in the synthesis of more complex aromatic compounds through substitution reactions. Additionally, it is utilized in research and development for creating dyes and pigments, leveraging its ability to introduce iodine atoms into molecular structures. In industrial settings, it serves as a building block for the manufacture of specialty chemicals, contributing to advancements in material science and chemical engineering.