This chemical is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. Its structure, featuring both a hydroxymethyl and a nitro group, makes it a versatile building block for constructing more complex molecules. It is often employed in the development of active pharmaceutical ingredients (APIs) and in research for designing compounds with potential therapeutic properties. Additionally, its reactivity allows for further functionalization, enabling its use in the synthesis of dyes, polymers, and other specialty chemicals.