This chemical is primarily used in organic synthesis as a reagent for the introduction of nitro groups into various compounds. Its unique structure allows it to act as a nitro source in reactions, making it valuable in the preparation of nitroalkanes and other nitro-containing molecules. It is also employed in the development of pharmaceuticals, where nitro groups are often essential for biological activity. Additionally, it finds use in the synthesis of agrochemicals and dyes, where the nitro functionality plays a critical role in the desired properties of the final product. Its hydrate form ensures stability and ease of handling in laboratory and industrial settings.