Used primarily in pharmaceutical research as a key intermediate in the synthesis of selective kinase inhibitors. It exhibits potential in the development of targeted cancer therapies due to its ability to modulate signaling pathways involved in cell proliferation and apoptosis. Its structure allows for strong binding interactions with specific enzyme active sites, making it valuable in structure-activity relationship (SAR) studies. Also employed in the preparation of receptor antagonists for central nervous system disorders, particularly in early-stage drug discovery for neurodegenerative diseases. Its nitro and hydroxy functional groups enable further chemical modifications, enhancing its utility in creating diverse compound libraries for high-throughput screening.