Used primarily in organic synthesis, this compound serves as a key intermediate in the production of dyes and pigments, particularly for creating vibrant and stable colors in various industrial applications. It is also employed in the development of fluorescent markers and sensors, aiding in biochemical research and diagnostics. Additionally, it finds use in the preparation of coordination polymers and metal-organic frameworks (MOFs), which are valuable in gas storage, separation, and catalysis. Its nitro group makes it a useful precursor for further chemical modifications in pharmaceutical and agrochemical research.