This chemical is primarily utilized in research and development, particularly in the field of organic synthesis and materials science. It serves as a key intermediate in the preparation of complex organic compounds, including dyes and pigments, due to its unique structure and reactivity. Additionally, it is studied for its potential applications in the development of advanced materials, such as organic semiconductors or photoconductors, which are essential in electronic and optoelectronic devices. Its nitro and quinone functional groups make it a candidate for exploring redox-active materials and catalysts in chemical reactions.