This chemical is primarily utilized in the synthesis of various organic compounds, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs) that target specific diseases or conditions. Additionally, it is employed in the creation of dyes and pigments due to its structural properties, which allow for the formation of stable and vibrant colors. In research and development, it is often used to study chemical reactions and mechanisms, contributing to advancements in synthetic chemistry. Its nitro and methoxy functional groups make it a versatile building block for further chemical modifications.