This compound is primarily utilized in biochemical research for studying enzyme inhibition and receptor binding due to its specific structural properties. It is often employed in the development of assays to understand the mechanisms of action of various enzymes, particularly those involved in cellular signaling pathways. Additionally, it serves as a key intermediate in the synthesis of more complex molecules that are investigated for potential therapeutic applications, such as targeting specific proteins or pathways in disease models. Its fluorinated and nitro groups make it a useful probe in fluorescence-based studies and as a marker in analytical chemistry techniques.