Used in organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the development of compounds with potential therapeutic properties, such as anti-inflammatory and anticancer agents. The methoxy and biphenyl groups in its structure contribute to its utility in creating complex molecules with specific biological activities. Additionally, it serves as a building block in the synthesis of liquid crystals and organic electronic materials, which are essential in the manufacture of displays and other electronic devices. Its role in research and industrial applications highlights its importance in advancing material science and drug discovery.