Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of compounds with biological activity. Its structure allows for further functionalization, making it valuable in creating complex organic molecules. Commonly employed in cross-coupling reactions such as Suzuki or Ullmann reactions to form biaryl ethers, which are key motifs in drug design. Also utilized in the preparation of liquid crystals and functional materials due to its rigid aromatic framework and ether linkage.