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 indole-based derivatives, which are known for their biological activities. Researchers utilize it to create compounds with potential anti-inflammatory, antimicrobial, and anticancer properties. Additionally, it plays a role in the synthesis of complex molecules for drug discovery and development, making it a significant component in medicinal chemistry. Its nitro group also allows for further functionalization, enabling the creation of diverse chemical structures for targeted applications.