Primarily used in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its unique structure allows for selective chemical reactions, making it valuable in the development of complex molecules. In pharmaceutical research, it is often employed to create compounds with potential therapeutic properties, particularly in the design of drugs targeting specific biological pathways. Additionally, it finds utility in the synthesis of specialized dyes and pigments, where its halogen and nitro groups contribute to desired color properties and stability. Its role in facilitating precise chemical modifications underscores its importance in advanced chemical manufacturing processes.