Used primarily in the synthesis of dyes and pigments, this compound serves as an intermediate in the production of colorants for textiles, plastics, and other materials. It is also employed in organic synthesis to create more complex chemical structures, particularly in pharmaceutical research where nitroaromatic compounds are often utilized. Additionally, it plays a role in the development of agrochemicals, contributing to the formulation of pesticides and herbicides. Its nitro group makes it a valuable precursor in various chemical reactions, including reduction and substitution processes.