Used primarily in organic synthesis, this compound serves as an intermediate in the production of more complex chemical structures. It is particularly valuable in the development of pharmaceuticals, where its unique structure can be incorporated into drug molecules to enhance their efficacy or stability. Additionally, it finds application in agrochemical research, aiding in the creation of new pesticides or herbicides. Its nitro and methoxyethoxy groups make it a versatile building block for various chemical reactions, including nucleophilic substitution and reduction processes.