This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors. Its structural features make it a valuable building block for developing potential drug candidates, especially in the design of inhibitors for therapeutic applications. Researchers often employ it in the creation of compounds aimed at treating diseases such as cancer, inflammation, or microbial infections. Additionally, its nitro and carboxylic acid functional groups allow for further chemical modifications, enabling the development of diverse derivatives with tailored properties for specific biological targets.