This chemical is primarily utilized in organic synthesis as an intermediate for the production of more complex compounds. It is often employed in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that require specific nitro and hydroxy functional groups. Additionally, it finds application in the creation of dyes and pigments, where its structure contributes to color properties and stability. Its role in research and development is significant, especially in studies involving nitroaromatic compounds and their reactivity.