Used primarily as an intermediate in organic synthesis, this compound plays a key role in the preparation of pharmaceuticals and fine chemicals. Its epoxide ring is highly reactive, allowing for ring-opening reactions with nucleophiles such as amines, thiols, and alcohols, which makes it valuable in constructing complex molecular frameworks. It is particularly useful in the synthesis of beta-blockers and other bioactive molecules where a nitro-substituted aromatic moiety is required. Additionally, it serves as a building block in the development of dyes and functional materials due to the electron-withdrawing nature of the nitro group, which influences reactivity and optical properties.