This chemical is primarily utilized in organic synthesis as a key intermediate in the production of complex molecules. It is particularly valuable in the development of pharmaceuticals, where it serves as a building block for active pharmaceutical ingredients (APIs). Its structure allows for further functionalization, making it suitable for creating compounds with specific biological activities. Additionally, it finds application in the synthesis of agrochemicals, contributing to the development of herbicides or pesticides. Its nitro and ester groups enable participation in various chemical reactions, such as reduction, hydrolysis, or cyclization, which are essential for constructing diverse chemical frameworks. Researchers also use it in material science to develop novel organic materials with potential applications in electronics or coatings.