This chemical is primarily used as an intermediate in the synthesis of various organic compounds, particularly in the pharmaceutical and agrochemical industries. It plays a role in the production of active pharmaceutical ingredients (APIs) and other fine chemicals due to its reactive bromomethyl and nitro groups. Additionally, it is utilized in research and development for creating complex molecules, including dyes, pigments, and specialty chemicals. Its unique structure allows for selective functionalization, making it valuable in constructing diverse chemical architectures.