Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of nonsteroidal anti-inflammatory drugs (NSAIDs) and other bioactive molecules. Its structure allows for further functionalization, making it valuable in constructing complex aromatic compounds. Commonly employed in organic reactions such as nucleophilic substitutions and reductions, where the nitro group can be converted to an amine and the ester group can be hydrolyzed or transformed into amides. Also utilized in the preparation of fluorinated analogs in medicinal chemistry to enhance metabolic stability and binding affinity.