Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated organic compounds where the presence of fluorine atoms enhances metabolic stability and bioavailability. Its nitro and hydroxyl functional groups allow for further chemical modifications, making it valuable in building complex molecules. Commonly employed in the preparation of dyes, sensors, and specialty polymers due to its electron-withdrawing properties and reactivity in coupling reactions. Also explored in research for potential use in medicinal chemistry as a building block for kinase inhibitors and antimicrobial agents.