Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its nitro and chloro groups make it a versatile building block for constructing complex molecules, particularly in the development of active pharmaceutical ingredients (APIs). It is also employed in the synthesis of heterocyclic compounds, which are often utilized in drug discovery and material science. Additionally, its carboxylic acid functionality allows for further derivatization, enabling the creation of esters, amides, and other derivatives with potential biological activity.