Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its nitro and carboxylic acid functional groups make it a versatile building block for constructing complex molecules. In medicinal chemistry, it is often employed in the development of drugs targeting specific enzymes or receptors due to its ability to introduce nitro groups into heterocyclic frameworks. Additionally, it finds application in the synthesis of dyes and pigments, where its structure contributes to the desired color properties. Its role in research extends to studying reaction mechanisms and developing new synthetic pathways in organic chemistry.