Used primarily in organic synthesis, this compound serves as a key intermediate in the production of more complex molecules. It is particularly valuable in the development of pharmaceuticals, where it contributes to the synthesis of active pharmaceutical ingredients (APIs) with potential therapeutic effects. Additionally, it finds application in the creation of agrochemicals, aiding in the formulation of pesticides or herbicides. Its nitrophenyl group makes it useful in the study of chemical reactions involving electron transfer processes. Researchers also utilize it in the preparation of dyes and pigments due to its structural properties.