Primarily used in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in the development of complex molecules. Additionally, it is utilized in research settings for studying nitration and bromination reactions, aiding in the understanding of reaction mechanisms and the design of new synthetic pathways. Its nitro and ester groups also make it a candidate for applications in material science, particularly in the creation of specialized polymers or coatings.