Used as an intermediate in organic synthesis, particularly in the preparation of heterocyclic compounds and pharmaceuticals. Its nitro group allows for reduction to an amino derivative, enabling further functionalization for use in dye synthesis and bioactive molecule development. Commonly employed in ester hydrolysis and condensation reactions to build complex aromatic structures. Also applied in research settings for constructing ligands in coordination chemistry due to its ability to undergo selective transformations on both ester and nitro functionalities.