This compound is primarily utilized in the synthesis of advanced materials, particularly in the development of organic semiconductors and liquid crystals. Its rigid biphenyl structure, combined with carboxylic acid functional groups, makes it a valuable building block for creating polymers and small molecules with specific electronic properties. These materials are often employed in organic light-emitting diodes (OLEDs), organic photovoltaics (OPVs), and field-effect transistors (OFETs). Additionally, its ability to form coordination complexes with metals is leveraged in the design of metal-organic frameworks (MOFs), which have applications in gas storage, separation, and catalysis. The compound's stability and functional groups also make it useful in pharmaceutical research for developing drug intermediates or active pharmaceutical ingredients (APIs).