Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in the development of complex molecules. It is often employed in the synthesis of heterocyclic compounds, which are crucial in drug discovery and development. Additionally, it finds application in the preparation of dyes and pigments due to its nitro and nitrile groups, which contribute to color formation and stability. Its role in research and industrial processes underscores its importance in advancing chemical and material sciences.