Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure, featuring both nitro and carboxylic acid functional groups, makes it valuable for creating complex molecules through reactions like esterification and amidation. Additionally, it is employed in research settings to study reaction mechanisms and develop new chemical processes, particularly in the field of medicinal chemistry. Its nitro group also allows for further functionalization, enabling the synthesis of more specialized compounds.