This chemical is primarily utilized in research and development within the field of organic chemistry, particularly as a key intermediate in the synthesis of more complex compounds. Its structure makes it valuable for constructing heterocyclic frameworks, which are often found in pharmaceuticals and agrochemicals. It has been explored for its potential in the development of antimicrobial and anticancer agents due to the presence of functional groups that can interact with biological targets. Additionally, its nitro and cyano groups make it a versatile building block for designing molecules with specific electronic properties, useful in materials science. Researchers also study its reactivity to optimize synthetic pathways for creating novel compounds with potential industrial or medicinal applications.