Used as an intermediate in organic synthesis, particularly in the preparation of dyes, pharmaceuticals, and agrochemicals. It serves as a building block for nitroaromatic compounds due to the presence of the nitro group, which can be reduced to an amine for further functionalization. Employed in research settings for the development of new chemical entities requiring substituted benzoate derivatives. Its solubility in water and polar solvents makes it suitable for reactions in aqueous or mixed solvent systems.