Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in the development of complex molecules. It is also employed in research settings to study nitration and oxidation reactions, aiding in the understanding of reaction mechanisms. Additionally, its nitro and methoxy groups make it a useful precursor in the synthesis of heterocyclic compounds, which are important in medicinal chemistry.