Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure is particularly valuable in constructing complex molecules through reactions like nucleophilic substitution or coupling reactions. Additionally, it finds application in the development of dyes and pigments due to its nitro and bromo functional groups, which contribute to color formation and stability. Researchers also utilize it in the study of reaction mechanisms and the synthesis of heterocyclic compounds, which are crucial in medicinal chemistry.