This chemical is primarily used in organic synthesis as an intermediate for the production of more complex compounds. It is often employed in the development of pharmaceuticals, where it serves as a building block for active pharmaceutical ingredients (APIs). Additionally, it finds application in the synthesis of agrochemicals, contributing to the creation of pesticides or herbicides. Its nitro and ester functional groups make it a versatile reagent in various chemical reactions, such as reduction or substitution processes, which are essential in research and industrial chemistry.