This compound is primarily utilized in the field of organic synthesis and material science. It serves as a key intermediate in the production of various dyes and pigments, particularly those used in textile and plastic industries. Its structural properties make it suitable for creating colorants with specific lightfastness and thermal stability. Additionally, it is employed in the development of fluorescent markers and sensors in biochemical research, aiding in the detection and analysis of specific molecules or cellular processes. Its nitro and benzodiazole groups contribute to its utility in designing advanced materials with potential applications in optoelectronics and photonics.