Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its nitrobiphenyl structure is valuable in the development of dyes and pigments, particularly in creating colorants for textiles and plastics. Additionally, it is utilized in research for studying chemical reactions involving nitro and aldehyde functional groups, aiding in the design of novel compounds with potential biological activity. Its derivatives are also explored in material science for applications in organic electronics and sensors.