Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its nitro and ketone functional groups make it a versatile building block for constructing complex molecules. It is particularly valuable in the development of drugs targeting neurological disorders due to its ability to cross the blood-brain barrier. Additionally, it finds application in the synthesis of fine chemicals and specialty materials, where its reactivity is leveraged to create novel compounds with specific properties.