Used primarily in organic synthesis, this compound serves as an intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows it to participate in nucleophilic substitution reactions, making it valuable for creating complex molecules. It is also utilized in the development of dyes and pigments due to its nitro and methoxy groups, which contribute to color properties. Additionally, it plays a role in research and development for studying chemical reactions and designing new compounds with specific functionalities.