This chemical is primarily utilized in the field of organic synthesis, particularly as an intermediate in the production of more complex compounds. It serves as a key building block in the development of pharmaceuticals, where its structure can be modified to create active ingredients for various medications. Additionally, it is employed in the synthesis of dyes and pigments, contributing to the coloration of materials in the textile and printing industries. Its nitro and methoxy functional groups make it a versatile reagent in chemical reactions, enabling the creation of diverse derivatives with specific properties.