Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of non-steroidal anti-inflammatory drugs (NSAIDs) and other bioactive molecules. Its structure allows for functional modifications that enhance drug stability and target specificity. Also employed in the preparation of liquid crystal materials due to its biphenyl core, which contributes to mesogenic properties. Additionally, it serves as a building block in organic synthesis for creating complex aromatic compounds used in agrochemicals and specialty polymers.