This chemical is primarily used as an intermediate in organic synthesis, particularly in the production of complex organic compounds. It plays a role in the development of dyes, pigments, and other colorants due to its nitro and ester functional groups, which contribute to its reactivity and ability to form stable products. Additionally, it is utilized in research and development for creating pharmaceutical compounds, where its structure can be modified to produce active ingredients. Its application also extends to the field of material science, where it is explored for the synthesis of advanced polymers and coatings with specific properties.