Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the preparation of advanced heterocyclic compounds. Its structure allows for selective functionalization in multi-step organic reactions. Commonly employed in the development of dyes and pigments due to its nitro and amino groups, which contribute to chromophoric properties. Also utilized in research settings for the preparation of labeled compounds in medicinal chemistry, where the iodine atom enables further transformations via cross-coupling reactions such as Suzuki or Heck reactions.