This chemical is primarily used in organic synthesis as a building block for creating more complex molecules. It is often employed in the development of pharmaceuticals, particularly in the synthesis of compounds with potential biological activity. Its structure allows it to participate in various reactions, such as Michael additions and cyclizations, making it valuable in medicinal chemistry research. Additionally, it can be utilized in the production of dyes and pigments due to its conjugated system, which can absorb light and impart color. In material science, it serves as an intermediate in the synthesis of polymers and other advanced materials. Its nitro and cyano groups make it a versatile reagent in the preparation of heterocyclic compounds, which are important in agrochemicals and drug development.