Primarily utilized in the synthesis of various pharmaceutical compounds, this chemical serves as a key intermediate in the production of active pharmaceutical ingredients (APIs). It is particularly valuable in the development of drugs targeting neurological disorders, where its structural properties contribute to the efficacy of the final product. Additionally, it finds application in organic synthesis, where it is used to create complex molecules for research and development purposes. Its nitro and hydroxyl groups make it a versatile building block in the preparation of fine chemicals and specialty materials.