Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals, particularly those targeting neurological disorders. Its structure is valuable in the development of carbazole-based drugs, which are known for their potential in treating conditions like Alzheimer's disease and other cognitive impairments. Additionally, it finds application in the creation of advanced materials, such as organic semiconductors and light-emitting diodes (LEDs), due to its electron-transport properties. The nitro group enhances its reactivity, making it useful in further chemical modifications for research and industrial purposes.