This compound is primarily utilized in organic synthesis as an intermediate for the preparation of more complex chemical structures. Its nitro and methoxy functional groups make it a valuable precursor in the development of pharmaceuticals, particularly in the synthesis of compounds with potential biological activity. Additionally, it can be employed in research settings for the study of reaction mechanisms involving aromatic compounds, due to its unique substitution pattern. Its role in the development of dyes and pigments is also noteworthy, as the nitro group can contribute to color formation in certain chemical processes.