Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. It is particularly valuable in the development of drugs targeting neurological disorders due to its structural properties. Additionally, it is utilized in the synthesis of dyes and pigments, where its nitro and ester functional groups contribute to color formation and stability. In research, it acts as a building block for creating complex molecules, aiding in the study of chemical reactions and pathways. Its applications also extend to agrochemicals, where it is involved in the formulation of compounds for crop protection.