Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. Its structure is particularly valuable in the development of drugs targeting neurological disorders, including Parkinson's disease and depression. Additionally, it plays a role in the synthesis of compounds with potential antimicrobial and antitumor properties. Researchers also utilize it in the study of enzyme inhibition mechanisms, aiding in the discovery of new therapeutic agents. Its nitro group facilitates further chemical modifications, making it a versatile building block in medicinal chemistry.