Used primarily in the production of dyes and pigments, this chemical serves as an intermediate in the synthesis of colorants for textiles, plastics, and inks. Its nitro and hydroxy groups make it a versatile compound for creating vibrant and stable colors. Additionally, it finds application in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals, where its structure can be modified to produce active ingredients. Its role in research and development is also notable, as it aids in studying reaction mechanisms and designing new chemical entities.