This chemical is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. Its structure, featuring both nitro and diol functional groups, makes it a valuable precursor in the synthesis of complex molecules, particularly in the development of active pharmaceutical ingredients (APIs). Additionally, it is employed in research settings for the study of nitroaromatic compounds and their reactivity, which is relevant in the fields of medicinal chemistry and material science. Its role in the synthesis of dyes and pigments also highlights its importance in industrial applications.