Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of nonsteroidal anti-inflammatory drugs (NSAIDs) and other bioactive molecules. Its functional groups enable further chemical modifications, such as reduction of the nitro group or hydrolysis of the ester, allowing for the construction of complex organic compounds. Commonly employed in research settings for developing new drug candidates and in the preparation of dyes and agrochemicals due to its reactive aromatic structure.