Used in organic synthesis as a building block for pharmaceuticals and agrochemicals, particularly in Suzuki-Miyaura cross-coupling reactions to form biaryl compounds. Its amino and nitro functional groups allow for further derivatization, making it valuable in the development of dyes, sensors, and bioactive molecules. Also employed in the preparation of boron-containing compounds for potential use in medical imaging and boron neutron capture therapy (BNCT) research.