Used in organic synthesis as a key intermediate for the preparation of various heterocyclic compounds. It is particularly valuable in the development of pharmaceuticals, where it serves as a precursor for drugs with potential antimicrobial, antifungal, and anti-inflammatory properties. Additionally, it finds application in the synthesis of organic dyes and pigments due to its ability to form complex structures with unique optical properties. Its nitro group and aldehyde functionality make it a versatile building block in the creation of novel materials for chemical research and industrial processes.