Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. Its structure contains both hydroxyl and nitro functional groups, making it suitable for further chemical modifications such as reductions, etherifications, and coupling reactions. Commonly employed in the development of analgesic and anti-inflammatory compounds due to its resemblance to active moieties in certain drug molecules. Also utilized in the synthesis of dyes and UV-absorbing compounds owing to its aromatic and polar characteristics.