Primarily used in organic synthesis, this compound serves as a key intermediate in the development of various pharmaceuticals, particularly in the creation of drugs targeting microbial infections and inflammation. Its nitro and benzofuran groups make it valuable for constructing complex molecules with potential biological activity. Additionally, it is employed in research settings to study chemical reactions involving nitroaromatic compounds, aiding in the exploration of new reaction mechanisms and pathways. Its applications also extend to material science, where it contributes to the synthesis of advanced organic materials with specific electronic properties.