Primarily utilized in organic synthesis, this compound serves as an intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows it to act as a building block for more complex molecules, particularly in the development of drugs that target specific biological pathways. Additionally, it is employed in the manufacture of dyes and pigments, where its nitro group enhances color stability and intensity. In research laboratories, it is often used as a reagent in chemical reactions to study reaction mechanisms and develop new synthetic methods. Its unique properties make it valuable in the creation of specialty chemicals that require precise molecular modifications.