This compound is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. Its structure, featuring both a nitro group and a methoxycarbonyl group, makes it a versatile building block in the development of complex molecules. It is often employed in the synthesis of active pharmaceutical ingredients (APIs) where the nitro group can be reduced to an amine, enabling further functionalization. Additionally, its benzoic acid derivative nature allows it to participate in esterification and amidation reactions, which are crucial in drug design and development. In agrochemical research, it serves as a precursor for creating compounds with potential herbicidal or pesticidal properties. Its role in these fields highlights its importance in advancing both medicinal and agricultural chemistry.