Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of pyridine-based drugs. Its nitro and hydroxymethyl functional groups allow for further chemical modifications, making it valuable in creating active pharmaceutical ingredients. It also serves in the preparation of agrochemicals and specialty heterocyclic compounds. The compound's structure supports its role in reactions such as reductions, esterifications, and nucleophilic substitutions, enabling diverse applications in medicinal and organic chemistry.