Primarily used in organic synthesis, this chemical serves as an intermediate in the production of pharmaceuticals and agrochemicals. Its unique structure allows it to participate in various substitution reactions, making it valuable for creating complex molecules. In the pharmaceutical industry, it is often utilized in the development of active pharmaceutical ingredients (APIs) due to its ability to introduce specific functional groups into a molecule. Additionally, it finds application in the synthesis of dyes and pigments, where its nitro and methoxy groups contribute to the desired color properties. Its reactivity and stability under different conditions make it a versatile compound in research and industrial processes.