Used primarily in organic synthesis, this compound serves as a key intermediate in the development of more complex chemical structures. It is particularly valuable in the production of pharmaceuticals, where it contributes to the synthesis of active pharmaceutical ingredients (APIs) that target various diseases. Additionally, it finds application in agrochemical research, aiding in the creation of novel pesticides and herbicides. Its nitro and carboxylate functional groups make it a versatile building block for constructing heterocyclic compounds, which are essential in medicinal chemistry and material science. Researchers also utilize it in the study of reaction mechanisms and as a precursor in the synthesis of dyes and other specialty chemicals.