Primarily used in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure is particularly valuable in the development of heterocyclic compounds, which are essential in drug discovery and medicinal chemistry. Additionally, it is employed in the synthesis of complex molecules for research purposes, aiding in the study of biochemical pathways and potential therapeutic agents. Its nitro and ester functional groups make it a versatile building block for constructing more complex chemical entities.