Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various dyes and pigments, particularly those with nitro and aldehyde functional groups. It is also employed in the development of pharmaceutical compounds, where its structure contributes to the creation of active ingredients. Additionally, it finds application in the synthesis of agrochemicals, aiding in the formulation of pesticides and herbicides. Its unique chemical properties make it valuable in research for developing novel materials and studying reaction mechanisms.