This chemical is primarily used in the synthesis of various pharmaceutical compounds, particularly those targeting specific enzyme inhibition or receptor modulation. It serves as a key intermediate in the development of drugs with potential anti-inflammatory, antimicrobial, or anticancer properties. Additionally, it is utilized in organic chemistry research for constructing complex molecules due to its reactive nitro and ester functional groups, which allow for further chemical modifications. Its applications also extend to agrochemical research, where it may be explored for creating novel pesticides or herbicides.