Primarily used in the synthesis of dyes and pigments, this compound serves as an intermediate in the production of colorants for textiles and plastics. It is also employed in the development of fluorescent materials, particularly in creating bright, stable dyes for industrial and research applications. Additionally, it plays a role in organic synthesis, aiding in the preparation of complex molecules for pharmaceuticals and agrochemicals. Its nitro group makes it a valuable precursor in reactions requiring electron-withdrawing properties, such as in the creation of specialty chemicals.