Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. Its aldehyde and nitro functional groups allow for diverse chemical transformations, such as reduction, condensation, and cyclization reactions. Commonly employed in the synthesis of bioactive molecules, including antimicrobial and anti-inflammatory agents. The hydroxymethyl group can be further modified to introduce additional functionality, making it valuable in the development of complex organic compounds. Also utilized in the production of dyes and fluorescent probes due to its aromatic structure and reactivity.