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Jehovah's Witnesses believe Daniel chapter 4 has a dual fulfillment.
There are several reasons for believing that this prophecy has a dual fulfillment. They are given here: (bold mine)
Insight on the Scriptures, Vol. 1, p. 133, 134 - "Appointed Times of the Nations"
Related to “appointed times of the nations.” The vision definitely had a fulfillment in Nebuchadnezzar himself. (See Da 4:31-35.) Therefore, some view it as having direct prophetic application only to him and see in this vision merely the presentation of the eternal verity of ‘God’s supremacy over all other powers—human or supposedly divine.’ They acknowledge the application of that truth or principle beyond Nebuchadnezzar’s own case but do not see it as relating to any specific time period or divine schedule. Yet, an examination of the entire book of Daniel reveals that the element of time is everywhere prominent in the visions and prophecies it presents; and the world powers and events described in each such vision are shown, not as isolated or as occurring at random with the time element left ambiguous, but, rather, as fitting into a historical setting or time sequence. (Compare Da 2:36-45; 7:3-12, 17-26; 8:3-14, 20-25; 9:2, 24-27; 11:2-45; 12:7-13.) Additionally, the book repeatedly points toward the conclusion that forms the theme of its prophecies: the establishment of a universal and eternal Kingdom of God exercised through the rulership of the “son of man.” (Da 2:35, 44, 45; 4:17, 25, 32; 7:9-14, 18, 22, 27; 12:1) The book is also distinctive in the Hebrew Scriptures for its references to “the time of the end.”—Da 8:19; 11:35, 40; 12:4, 9.
In view of the above, it does not seem logical to evaluate the vision of the symbolic “tree” and its reference to “seven times” as having no other application than to the seven years of madness and subsequent recovery and return to power experienced by one Babylonian ruler, particularly so in the light of Jesus’ own prophetic reference to “the appointed times of the nations.” The time at which the vision was given: at the critical point in history when God, the Universal Sovereign, had allowed the very kingdom that he had established among his covenant people to be overthrown; the person to whom the vision was revealed: the very ruler who served as the divine instrument in such overthrow and who thereby became the recipient of world domination by divine permission, that is, without interference by any representative kingdom of Jehovah God; and the whole theme of the vision, namely: “that people living may know that the Most High is Ruler in the kingdom of mankind and that to the one whom he wants to, he gives it and he sets up over it even the lowliest one of mankind” (Da 4:17)—all of this gives strong reason for believing that the lengthy vision and its interpretation were included in the book of Daniel because of their revealing the duration of “the appointed times of the nations” and the time for the establishment of God’s Kingdom by his Christ.