Used in organic synthesis as a key intermediate for the preparation of various heterocyclic compounds. It plays a significant role in the development of pharmaceuticals, particularly in the synthesis of potential drug candidates with antimicrobial or antitumor properties. Additionally, it is utilized in the creation of dyes and pigments due to its ability to form complex structures with unique optical properties. Its nitro group makes it a valuable precursor in reactions involving reduction or further functionalization, contributing to the production of more complex chemical entities.