Primarily used in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. It is particularly valuable in the development of antifungal and antimicrobial agents due to its imidazole ring structure, which is known for its biological activity. Additionally, it is utilized in research settings to study enzyme inhibition and receptor binding, aiding in the discovery of new therapeutic compounds. Its nitro group also makes it a useful precursor in the synthesis of dyes and other nitro-aromatic compounds.