Used primarily in pharmaceutical research, it serves as a key intermediate in the synthesis of various biologically active compounds. Its structure is valuable in developing potential drug candidates, particularly in the design of enzyme inhibitors and receptor modulators. It is also explored in the creation of anti-inflammatory and anticancer agents due to its nitro and carboxylic acid functional groups, which enhance binding affinity and reactivity. Additionally, it finds utility in organic synthesis for constructing complex heterocyclic frameworks.