Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules with potential antifungal, antibacterial, or anti-inflammatory properties. Its nitro and ether functional groups make it suitable for further chemical transformations, such as reduction of the nitro group to an amine for use in heterocyclic compound design. Also employed in research settings for the preparation of pyrazole-based derivatives in medicinal chemistry.