Used primarily in organic synthesis, it serves as a key intermediate in the production of pharmaceuticals and fine chemicals. It is particularly valuable in the development of compounds with potential therapeutic properties, such as anti-inflammatory and antimicrobial agents. Additionally, it is employed in the synthesis of dyes and pigments due to its ability to form complex structures with vivid colors. Its nitro and aldehyde functional groups make it a versatile building block for constructing more complex molecules in research and industrial applications.