Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of nitroaromatic compounds with biological activity. Its functional groups—alcohol and nitro—are reactive sites for further chemical modifications, enabling the formation of esters, ethers, or reduced amines. Commonly employed in research settings to build more complex molecules, especially in medicinal chemistry for designing drug candidates. Also utilized in the preparation of dyes and specialty organic compounds where nitro-substituted aromatics are required.