Used primarily in organic synthesis, this compound serves as an intermediate in the production of various pharmaceuticals and agrochemicals. Its nitro and cyano groups make it a versatile building block for constructing complex molecules. In pharmaceutical research, it is employed in the development of compounds with potential therapeutic properties, such as antimicrobial or anticancer agents. Additionally, it finds application in the synthesis of dyes and pigments due to its aromatic structure, which can be modified to produce colorants. Its reactivity also makes it useful in material science for creating specialized polymers or coatings.