Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals due to its reactive halogen and nitro groups. The compound serves in the preparation of dyes and pigments, where bromine atoms facilitate coupling reactions. It is also employed in research for developing novel organic compounds, especially in halogen exchange reactions. Its nitro and phenolic functionalities make it useful in the design of sensors and functional materials. Handling requires caution due to potential toxicity and environmental impact.