Used primarily as an intermediate in organic synthesis, this compound plays a key role in the preparation of dyes, pharmaceuticals, and agrochemicals. Its functional groups—methoxy, nitro, and phenolic hydroxyl—allow for selective reactions, making it valuable in constructing complex aromatic molecules. It is also employed in the development of photo-sensitive materials due to its ability to undergo controlled transformations under light exposure. In research settings, it serves as a building block for synthesizing nitro-substituted heterocycles with potential biological activity.