This compound is primarily utilized in organic synthesis as an intermediate for the production of more complex chemical structures. Its functional groups, including the fluoro and nitro substituents, make it a valuable building block in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that require specific aromatic modifications. Additionally, it finds application in the creation of agrochemicals, where its unique structure contributes to the development of herbicides or pesticides with targeted activity. The presence of the hydroxyl group further allows for derivatization, enabling the formation of esters, ethers, or other derivatives for specialized applications in material science or fine chemical production.