Primarily used in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in the development of active ingredients for drugs targeting specific biological pathways. Additionally, it is employed in research settings to study the reactivity and properties of nitro and bromo-substituted pyrazoles, aiding in the design of novel compounds with potential therapeutic applications. Its role in the synthesis of heterocyclic compounds also extends to materials science, where it contributes to the creation of specialized polymers and dyes.