Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. It is particularly valuable in the development of imidazole-based drugs, which are known for their antimicrobial, antifungal, and anti-inflammatory properties. Additionally, it plays a role in the creation of compounds with potential applications in oncology and neurology, aiding in the study of new therapeutic agents. Its nitro and carboxylate groups make it a versatile building block in organic synthesis, enabling the formation of complex structures for drug discovery and development.