This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmacologically active molecules. Its structure, featuring both a nitro group and a carboxylic acid moiety, makes it a versatile building block for developing compounds with potential therapeutic applications. It is often employed in the design and synthesis of small molecule inhibitors targeting specific enzymes or receptors, particularly in the context of neurological disorders and inflammation-related conditions. Additionally, its nitro group can be reduced to an amino group, further expanding its utility in creating diverse chemical derivatives for drug discovery and development.