This chemical is primarily utilized in organic synthesis as a key intermediate for the production of various pharmaceuticals and agrochemicals. Its structure, featuring both formyl and nitro functional groups, makes it valuable in constructing complex molecules through reactions like nucleophilic substitution or condensation. In pharmaceutical research, it is often employed in the development of compounds with potential biological activity, particularly in the design of enzyme inhibitors or receptor modulators. Additionally, it finds use in the synthesis of dyes and pigments due to its ability to form stable, colored derivatives. Its versatility in chemical reactions and its role in creating functional materials underscore its importance in industrial and research applications.