Used in organic synthesis as an intermediate for pharmaceuticals and bioactive compounds. The presence of iodine and nitro groups makes it suitable for cross-coupling reactions, particularly in the development of iodinated aromatic structures with potential antimicrobial or antitumor activity. The ester and hydroxyl functionalities allow further derivatization, enabling its use in the preparation of dyes, sensors, or prodrugs. Its electron-withdrawing substituents enhance reactivity in nucleophilic aromatic substitution, useful in medicinal chemistry research.