Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. Its alkyne and hydroxyl functional groups allow for diverse chemical modifications, including click chemistry reactions such as copper-catalyzed azide-alkyne cycloaddition (CuAAC), making it valuable in drug discovery and bioconjugation. The nitrophenyl moiety can be reduced to an aminophenyl group, enabling further derivatization for the synthesis of bioactive molecules. It is also employed in materials science for constructing functionalized molecular frameworks.