Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. Its structure allows for functionalization at multiple sites, making it valuable in the development of bioactive molecules. Commonly employed in the synthesis of pyrazole-containing compounds, which exhibit a range of biological activities including anti-inflammatory, antimicrobial, and antitumor properties. Also utilized in the design of novel heterocyclic compounds for medicinal chemistry research. The hydroxyl and nitro groups enable further chemical modifications, such as reduction of the nitro group to an amine for use in coupling reactions or conversion of the alcohol to esters and ethers to fine-tune solubility and reactivity.