This compound is primarily utilized in organic synthesis as an intermediate for the development of more complex chemical structures. Its unique structure, featuring both nitro and pyrrole groups, makes it valuable in the synthesis of heterocyclic compounds, which are often explored for their potential pharmacological activities. Researchers use it to create derivatives that can be screened for biological activity, particularly in the development of new drugs targeting various diseases. Additionally, it serves as a building block in the preparation of dyes and pigments, where its nitro group can enhance color properties. Its application in material science is also notable, particularly in the design of organic electronic materials due to its conjugated system.