Used in the synthesis of azo dyes and pigments, this compound acts as a key intermediate due to its aromatic amine and hydroxyl functionalities. Its nitro and amino groups enable diazotization and coupling reactions, making it valuable in producing colorants for textiles, inks, and coatings. Also explored in pharmaceutical research for potential bioactive molecule development, particularly in antimicrobial and anti-inflammatory agents. Additionally, it serves as a building block in organic synthesis for creating more complex amine-based structures.