Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its ethynyl group allows for versatile reactions, such as click chemistry, enabling the creation of complex molecules. Additionally, it is employed in the development of fluorescent dyes and sensors due to its nitro group, which enhances electron-withdrawing properties. In research, it is utilized to study nitroaromatic compounds and their behavior in chemical reactions.