This compound is primarily utilized in organic synthesis as a key intermediate for the development of more complex chemical structures. It is particularly valuable in the synthesis of heterocyclic compounds, which are often explored for their potential pharmacological activities. Researchers use it to create derivatives that may exhibit biological properties such as antimicrobial, anticancer, or anti-inflammatory effects. Additionally, it serves as a building block in the preparation of organic materials, including polymers and dyes, due to its reactive aldehyde group and nitro-substituted aromatic system. Its unique structure also makes it a candidate for studies in photophysical applications, such as fluorescent probes or sensors.