Used primarily in organic synthesis, this compound serves as a key intermediate in the production of dyes and pigments, particularly for coloring textiles and plastics. Its structure allows for further chemical modifications, making it valuable in the development of complex organic molecules. Additionally, it is utilized in research for creating fluorescent markers and studying photochemical reactions due to its nitro and amine functional groups. Its applications also extend to the pharmaceutical industry, where it acts as a building block for synthesizing compounds with potential biological activity.