This chemical is primarily used in organic synthesis as a building block for more complex molecules. It serves as a key intermediate in the preparation of various pharmaceuticals, particularly those targeting neurological and cardiovascular disorders. Its structure allows for further functionalization, making it valuable in the development of novel therapeutic agents. Additionally, it is utilized in the synthesis of agrochemicals, contributing to the creation of pesticides and herbicides. In research, it is employed in studies related to photochemistry and material science, where its nitro and acrylate groups play a role in developing light-sensitive compounds and polymers. Its applications also extend to the field of dyes and pigments, where it aids in producing colorants with specific properties.