This chemical is primarily used in the synthesis of pharmaceutical intermediates, particularly in the development of compounds with potential therapeutic properties. Its structure allows it to act as a building block for more complex molecules, especially those targeting specific enzymes or receptors in medicinal chemistry. Additionally, it finds application in organic research as a reagent for studying chemical reactions involving biphenyl derivatives. Its nitro and carboxylic acid groups make it useful in creating dyes or pigments for industrial applications. In material science, it can be incorporated into polymers or coatings to enhance specific properties like stability or reactivity.