This chemical is primarily utilized in organic synthesis as an intermediate for the production of more complex molecules. It is often employed in the pharmaceutical industry for the development of active pharmaceutical ingredients (APIs), particularly in the synthesis of compounds with potential therapeutic effects. Additionally, it serves as a building block in the creation of fine chemicals and specialty materials, where its nitro and ester functional groups enable further chemical modifications. Its applications also extend to research and development laboratories, where it is used in the study of reaction mechanisms and the exploration of new synthetic pathways.