Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. Its iodo groups allow for cross-coupling reactions, such as Suzuki or Heck reactions, enabling the construction of complex aromatic systems. The nitro and methoxy groups provide sites for further functionalization, making it valuable in the development of dyes, functional materials, and bioactive compounds. Commonly employed in research settings for designing novel chemical entities with potential biological activity.