This compound is primarily utilized in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and fine chemicals. Its structure, featuring both a nitro group and a bromoacetate moiety, makes it suitable for nucleophilic substitution reactions, enabling the construction of complex molecules. It is often employed in the synthesis of biologically active compounds, particularly those targeting specific enzyme systems or receptors. Additionally, it can be used in the development of agrochemicals, where its reactive sites allow for the creation of derivatives with potential pesticidal or herbicidal properties. Researchers also explore its use in material science for designing novel polymers or functional materials with tailored properties.