Primarily utilized in the pharmaceutical industry, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure, featuring a nitro group and a methoxy group, makes it particularly valuable in the development of drugs targeting central nervous system disorders. Additionally, it is employed in the creation of agrochemicals, where it contributes to the formulation of pesticides and herbicides. The compound's reactivity also allows for its use in organic synthesis, aiding in the construction of complex molecules for research and industrial applications.