This chemical is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various biologically active compounds. Its structure makes it valuable for creating molecules with potential therapeutic applications, particularly in the design of drugs targeting neurological disorders and certain types of cancers. Additionally, it is explored in the development of inhibitors for specific enzymes or receptors, contributing to advancements in medicinal chemistry. Its nitro group also allows for further chemical modifications, enabling the creation of diverse derivatives for screening and optimization in drug discovery processes.