Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the creation of compounds with potential therapeutic effects, such as anti-inflammatory, antimicrobial, or anticancer agents. Additionally, it is utilized in organic synthesis for constructing complex heterocyclic frameworks, which are essential in drug discovery and material science. Its nitro and carbonyl functional groups make it a versatile building block for further chemical modifications.