Used primarily as an intermediate in organic synthesis, particularly in the preparation of dyes, pharmaceuticals, and agrochemicals. Its structure allows for functional group transformations, making it valuable in constructing complex molecules. The compound is also employed in the development of photoactive materials due to the presence of the nitro group, which can participate in light-induced reactions. Additionally, it serves as a building block in the synthesis of heterocyclic compounds, which are common scaffolds in medicinal chemistry.