Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the development of antifungal and antibacterial agents due to its imidazole core, which is known for its bioactivity. Additionally, it finds application in the synthesis of dyes and pigments, leveraging its nitro group for color development. Researchers also utilize it in the study of enzyme inhibition and receptor binding, making it a versatile tool in biochemical research.