Used primarily in organic synthesis, this compound serves as an intermediate in the production of various pharmaceuticals and agrochemicals. Its nitro and ester functional groups make it a versatile building block for constructing more complex molecules. It is often employed in research laboratories for developing new chemical reactions or optimizing existing processes. Additionally, it can be utilized in the synthesis of dyes and pigments due to its aromatic structure. Its stability and reactivity under specific conditions make it a valuable component in fine chemical manufacturing.