Used primarily in organic synthesis, this compound serves as an intermediate in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the synthesis of dyes and pigments due to its nitro and aldehyde functional groups, which allow for further chemical modifications. Additionally, it finds application in the development of fine chemicals and specialty materials, where its unique structure contributes to the creation of complex molecules with specific properties. Its role in research and industrial processes highlights its importance in advancing chemical innovation.