Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. Its structure contains both hydroxyl and nitro functional groups, making it suitable for further chemical transformations such as reductions, esterifications, and condensation reactions. Commonly employed in the synthesis of α-hydroxy esters and nitroaromatic compounds, which are key building blocks in drug development. Also utilized in research settings for studying reaction mechanisms involving nitro-substituted aromatic systems.