Used as a key intermediate in the synthesis of advanced organic materials, particularly in the production of liquid crystal compounds for display technologies. Its rigid biphenyl structure with multiple hydroxyl groups allows for strong hydrogen bonding and structural stability, making it valuable in designing supramolecular architectures and functional polymers. It is also employed in the development of antioxidants and UV stabilizers due to its ability to scavenge free radicals. Additionally, this compound serves as a building block in pharmaceutical research for creating bioactive molecules with tailored stereochemistry and electronic properties.