Used in organic synthesis as a versatile intermediate for creating complex molecules, particularly in pharmaceuticals and agrochemicals. Its halogen substituents (bromo and iodo) allow for selective cross-coupling reactions, such as Suzuki or Sonogashira reactions, to build aromatic compounds. The nitro group enhances reactivity, making it valuable for further functionalization, including reduction to amines or substitution reactions. It is also employed in material science for designing organic electronic materials or dyes due to its electron-withdrawing properties.