This chemical is primarily used as an intermediate in organic synthesis, particularly in the production of dyes, pigments, and other specialty chemicals. Its structure allows it to participate in various substitution and coupling reactions, making it valuable for creating complex organic compounds. Additionally, it finds application in the pharmaceutical industry for the synthesis of active pharmaceutical ingredients (APIs) where specific nitro and methoxy functional groups are required. Its role in agrochemical research is also notable, as it can be utilized to develop herbicides and pesticides with targeted properties. The compound’s reactivity and stability make it a versatile building block in synthetic chemistry.