This chemical is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. Its structure, featuring a nitro group and a hydroxyl group, makes it a valuable precursor in the synthesis of complex molecules, particularly those with potential biological activity. It is often employed in the development of dyes, pigments, and other specialty chemicals due to its ability to undergo nitration and other functional group transformations. Additionally, it can be used in research settings to study reaction mechanisms and develop new synthetic pathways. Its applications are largely confined to laboratory and industrial chemical processes rather than direct commercial use.