Used primarily as an intermediate in organic synthesis, this compound plays a key role in the production of pharmaceuticals, agrochemicals, and dyes. Its nitro group makes it a valuable precursor for various chemical reactions, including reduction to form amines or further functionalization to create complex molecules. In the pharmaceutical industry, it is utilized in the synthesis of active pharmaceutical ingredients (APIs) and other bioactive compounds. Additionally, its nitrile group can be hydrolyzed to produce carboxylic acids or converted into other functional groups, expanding its utility in chemical manufacturing.