Used in organic synthesis as an intermediate for pharmaceuticals and agrochemicals. Serves as a building block in the preparation of fluorinated compounds due to the presence of fluorine and nitro groups, which can be selectively modified. Commonly employed in the development of bioactive molecules, including potential antitumor and antimicrobial agents. The compound's structure allows for further functionalization through reduction of the nitro group or nucleophilic substitution, making it valuable in medicinal chemistry research.