Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients. It is particularly valuable in the development of drugs targeting neurological disorders and certain types of cancers. Additionally, it finds application in organic synthesis, where it is utilized to create complex molecules through nitration and fluorination reactions. Its unique structure allows for the introduction of both nitro and hydroxyl groups into pyridine derivatives, making it a versatile building block in medicinal chemistry.