Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its nitro and carboxylic acid functional groups make it valuable for constructing complex molecules, particularly in the development of drugs targeting specific biological pathways. Additionally, it is utilized in research for creating novel heterocyclic compounds, which are essential in medicinal chemistry for their potential therapeutic properties. The compound's structure also allows for further modifications, enabling the synthesis of derivatives with enhanced biological activity.