This compound is primarily utilized in organic synthesis as an intermediate for the preparation of more complex molecules. It is often employed in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that require nitrophenyl groups for their biological activity. Additionally, it serves as a building block in the production of dyes and pigments, where the nitro group can enhance color properties. In research, it is used as a reagent in various chemical reactions, including coupling reactions and as a precursor for further functionalization. Its role in material science includes the development of polymers and coatings, where it can modify surface properties or act as a cross-linking agent.