Primarily used in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and fine chemicals. Its structure is particularly valuable in the development of complex molecules, often employed in the synthesis of active pharmaceutical ingredients (APIs) with potential therapeutic applications. Additionally, it is utilized in research settings for studying chemical reactions and mechanisms, especially those involving nitro and methoxy functional groups. Its role in photolabile protecting groups is also noteworthy, making it useful in controlled release and light-sensitive applications in biochemistry and material science.