Used in the synthesis of pharmaceutical intermediates, particularly in the development of nitroaromatic compounds with potential biological activity. Its functional groups—hydroxy, methoxy, and nitro—allow for further chemical modifications, making it valuable in medicinal chemistry research. Commonly employed in reactions such as reductions, etherifications, and ester hydrolyses to generate derivatives for screening in drug discovery programs. Also utilized in the preparation of dyes and photoactive materials due to its aromatic structure and electron-withdrawing nitro group.