Used primarily in organic synthesis, this compound serves as an intermediate in the production of various pharmaceuticals and agrochemicals. Its nitro group makes it a valuable precursor in the synthesis of more complex molecules, particularly those used in medicinal chemistry for developing drugs targeting neurological and cardiovascular diseases. Additionally, it finds application in the research and development of dyes and pigments due to its aromatic structure and reactivity. Its role in creating compounds with potential biological activity makes it significant in the field of drug discovery and material science.