Used primarily as an intermediate in the synthesis of advanced materials, it plays a crucial role in the production of liquid crystals for displays and optical devices. Its stable biphenyl structure makes it valuable in organic synthesis, particularly for creating polymers and resins with enhanced thermal and chemical resistance. Additionally, it serves as a precursor in the development of pharmaceuticals and agrochemicals, contributing to the formulation of active compounds. Its application extends to research and development, where it is utilized in studying organic reactions and material properties.