Used primarily in organic synthesis, it serves as an intermediate in the production of various pharmaceutical compounds. Its nitro group makes it valuable in the development of antimicrobial and anticancer agents. Additionally, it is employed in research for studying quinoline derivatives and their biological activities. The compound is also utilized in the synthesis of dyes and pigments due to its ability to form stable, colored complexes. Its unique structure allows for further functionalization, making it a versatile building block in chemical reactions.