Primarily used in organic synthesis, this compound serves as an intermediate in the production of more complex chemical structures. It is particularly valuable in pharmaceutical research, where it aids in the development of drug candidates by facilitating the introduction of the 3-nitrophenyl group into molecules. Additionally, it finds application in agrochemical synthesis, contributing to the creation of compounds with potential pesticidal or herbicidal activity. Its role in peptide synthesis is also notable, as it can be employed to protect amine groups during the formation of peptide bonds. The compound’s stability and reactivity make it a useful tool in various chemical transformations, enabling the construction of diverse organic molecules.