This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of more complex molecules. Its structure, featuring a nitro group and a bromo substituent, makes it a versatile building block for creating compounds with potential biological activity. Researchers often employ it in the design and synthesis of new drugs, particularly those targeting specific enzymes or receptors in the body. Additionally, its methoxybenzyl group can enhance the stability and bioavailability of the resulting compounds, making it valuable in medicinal chemistry. It is also explored in agrochemical research for developing novel pesticides or herbicides due to its reactive sites that can be modified to interact with biological targets in pests or weeds.