This compound is primarily utilized in organic synthesis as an intermediate for the development of more complex chemical structures. It is particularly valuable in the synthesis of indole derivatives, which are crucial in pharmaceutical research for creating potential drug candidates. Its nitro and ester functional groups make it a versatile building block for constructing molecules with potential biological activity. Additionally, it can be employed in the study of heterocyclic chemistry, aiding in the exploration of novel compounds with applications in medicinal chemistry and material science.