This chemical is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. Its nitro group and oxoacid structure make it a valuable precursor in the synthesis of complex organic molecules. It is often employed in the development of active pharmaceutical ingredients (APIs) due to its reactivity and ability to form diverse chemical bonds. Additionally, it finds application in research laboratories for studying reaction mechanisms and developing new synthetic pathways. Its role in creating biologically active compounds highlights its importance in medicinal chemistry and drug discovery.