Used primarily in research and development, this compound serves as a key intermediate in the synthesis of more complex chemical entities. It is particularly valuable in the preparation of dyes and pigments, where its nitro groups facilitate the creation of vibrant colors. Additionally, it finds application in the field of organic electronics, contributing to the development of materials with specific electronic properties. Its role in medicinal chemistry is also noteworthy, as it is utilized in the design and synthesis of potential pharmaceutical agents, especially those targeting specific enzymes or receptors.