Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various agrochemicals and pharmaceuticals. Its structure allows for selective fluorination, which is crucial in developing compounds with specific biological activities. In agrochemicals, it is utilized to create herbicides and pesticides that target specific weeds or pests without harming crops. In the pharmaceutical industry, it is employed in the synthesis of active pharmaceutical ingredients (APIs) that require a nitro or fluoro substituent for enhanced efficacy or stability. Additionally, its nitro group makes it a valuable precursor in the manufacture of dyes and pigments, where it contributes to the colorfastness and durability of the final product.