Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. Its functional groups—nitro and hydroxyl—allow for diverse chemical transformations, such as reduction of the nitro group to an amine, enabling the formation of amino alcohols. These derivatives can be further utilized in the synthesis of biologically active compounds, including potential drug candidates. Also employed in the development of liquid crystals and nonlinear optical materials due to its rigid aromatic structure and polar substituents. Suitable for research applications in medicinal chemistry and materials science.