This chemical is primarily used in the synthesis of various pharmaceutical compounds and agrochemicals. It serves as a key intermediate in the production of pyrazole derivatives, which are known for their biological activities, including anti-inflammatory, antimicrobial, and anticancer properties. Additionally, it is utilized in the development of herbicides and pesticides, contributing to effective crop protection strategies. Its nitro and carboxylic acid functional groups make it a versatile building block in organic synthesis, enabling the creation of complex molecules with potential therapeutic or agricultural applications.