Used in pharmaceutical research as a key intermediate in the synthesis of bioactive compounds, particularly in the development of selective receptor antagonists. Shows potential in studies related to central nervous system disorders due to its ability to cross the blood-brain barrier and interact with neurological targets. Also employed in the preparation of novel derivatives for structure-activity relationship (SAR) studies in medicinal chemistry. Its nitro and methoxy functional groups allow for further chemical modifications, making it valuable in creating compound libraries for drug discovery.