This chemical is primarily utilized in organic synthesis as an intermediate for the production of more complex compounds. Its structure, featuring hydroxyl and nitro groups, makes it suitable for use in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs). It is also employed in the research and development of dyes and pigments due to its ability to form stable, colored compounds. Additionally, its reactive sites allow for further functionalization, making it valuable in the creation of specialized chemicals for industrial applications.