Used primarily in organic synthesis, this compound serves as an intermediate in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the synthesis of complex molecules due to its nitro group, which can be easily reduced or transformed into other functional groups. Additionally, it finds application in research and development for creating novel compounds with potential biological activity. Its role in the preparation of dyes and pigments is also noteworthy, contributing to the coloration of materials in industrial processes.