Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the preparation of certain antibiotics and antiseptics. It serves as a building block in organic reactions where the iodo and nitro functional groups allow for further chemical modifications, such as coupling reactions or reductions. Also employed in the development of dyes and pigments due to its aromatic structure and reactivity. Its derivatives may find use in research laboratories for the study of reaction mechanisms involving nitroaromatic compounds.