Used as an intermediate in organic synthesis, particularly in the development of fluorescent dyes and optical brighteners due to its coumarin-based structure. Exhibits potential in pharmaceutical research for designing bioactive molecules, including antimicrobial and anticancer agents, leveraging the nitro and amino functional groups for further derivatization. Also investigated for its role in materials science, especially in the fabrication of sensors and luminescent materials, where its electron-donating and accepting properties enhance sensitivity and emission characteristics.