Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in the development of complex molecules. It is particularly useful in the synthesis of heterocyclic compounds, which are often employed in drug discovery and development. Additionally, it can be utilized in the preparation of dyes and other specialty chemicals due to its reactive aldehyde and nitro groups. Its fluorinated nature also contributes to its application in the creation of compounds with enhanced biological activity or stability.