Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of herbicides and fungicides. Its structure allows for further functionalization in multi-step organic reactions, making it valuable in creating complex molecules. Commonly employed in cross-coupling reactions such as Suzuki or Ullmann reactions to form biaryl systems. Also utilized in the preparation of liquid crystals and other specialty organic materials due to its halogen and nitro functional groups, which facilitate selective transformations.