Used in organic synthesis as a versatile intermediate for the preparation of various chemical compounds. It is particularly valuable in the development of dyes, pigments, and pharmaceuticals due to its reactive chloro and nitro functional groups. The compound is also employed in the modification of proteins and peptides, where it acts as a specific reagent for tryptophan residues, aiding in biochemical studies. Additionally, it finds application in the synthesis of agrochemicals and specialty chemicals, contributing to the production of herbicides and other crop protection agents. Its unique structure allows for selective reactions, making it a useful tool in research and industrial processes.