Used primarily in organic synthesis, this compound serves as an intermediate in the production of more complex chemical structures. It finds application in the development of dyes and pigments due to its nitro and methoxy functional groups, which contribute to color properties. Additionally, it is utilized in research laboratories for studying reaction mechanisms involving phenolic compounds. Its nitrophenol moiety makes it relevant in biochemical studies, particularly in enzyme inhibition research. The compound is also explored in material science for modifying surface properties of polymers.