This chemical is primarily utilized in organic synthesis as a key intermediate for the production of various pharmaceutical compounds and fine chemicals. Its structure, featuring a nitro group and an acrylate moiety, makes it suitable for use in the development of biologically active molecules, particularly in the synthesis of anti-inflammatory and antimicrobial agents. Additionally, it serves as a building block in the preparation of conjugated polymers and materials for optoelectronic applications due to its ability to participate in polymerization reactions. Its reactivity also allows it to be used in the creation of dyes and pigments for industrial applications.