This compound is primarily used in the synthesis of various organic intermediates, particularly in the production of dyes and pigments. Its structure allows it to act as a key building block in creating complex molecules that exhibit strong color properties, making it valuable in the textile and printing industries. Additionally, it finds application in the development of pharmaceuticals, where it serves as a precursor in the synthesis of certain active compounds. Its nitro and hydroxyl groups make it reactive and versatile in chemical reactions, enabling its use in research and industrial processes for creating specialized chemicals.