Used primarily in the synthesis of liquid crystal materials, this compound plays a crucial role in the development of displays for electronic devices such as televisions, smartphones, and monitors. Its molecular structure allows it to align in specific orientations under electric fields, contributing to the clarity and efficiency of liquid crystal displays (LCDs). Additionally, it serves as an intermediate in organic synthesis, aiding in the creation of various biphenyl derivatives with potential applications in pharmaceuticals and advanced materials research. Its stability and reactivity make it valuable in experimental and industrial chemistry for producing high-performance compounds.