Used as a key intermediate in the synthesis of organic compounds, particularly in the development of fluorescent dyes and sensors. Its unique structure makes it valuable in creating materials for optoelectronic applications, such as organic light-emitting diodes (OLEDs) and photovoltaic devices. Additionally, it serves as a building block in the preparation of biologically active molecules, aiding in pharmaceutical research and drug discovery. Its nitro group enhances reactivity, making it useful in various chemical reactions and modifications.