Used primarily in the synthesis of organic compounds, it serves as an intermediate in the production of dyes and pigments, contributing to vibrant and stable colors in various industrial applications. It is also employed in the development of agrochemicals, where it plays a role in creating active ingredients for crop protection products. Additionally, its chemical structure makes it useful in research and development for designing novel pharmaceutical compounds, particularly in the field of medicinal chemistry. Its nitro and carboxyl functional groups enable it to participate in various chemical reactions, making it a versatile building block in organic synthesis.