Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows for versatile chemical transformations, making it valuable in the development of complex molecules. It is particularly useful in the synthesis of nitroalkanes and other nitro-containing compounds, which are often employed in medicinal chemistry for their biological activity. Additionally, it finds application in the preparation of fine chemicals and specialty materials, contributing to advancements in drug discovery and material science.