Primarily used as an intermediate in the synthesis of dyes and pigments, particularly in the production of colorants for textiles and inks. It plays a role in creating vibrant and stable colors due to its nitro and iodine functional groups. Additionally, it is utilized in organic synthesis for the preparation of more complex chemical compounds, especially in pharmaceutical research where it serves as a building block for active ingredients. Its application extends to agrochemicals, where it contributes to the development of certain herbicides and pesticides.