Used as an intermediate in the synthesis of dyes and pigments, particularly for azo dye systems due to the presence of nitro and phenolic groups. Its structure allows for coupling reactions and functional modifications, making it valuable in the development of colorants for textiles, inks, and coatings. Also explored in agrochemical synthesis for building bioactive molecules. The ketone and hydroxyl functionalities enable further derivatization, supporting its role in organic synthesis and pharmaceutical research.