Used primarily as an intermediate in the synthesis of pharmaceuticals, particularly in the production of active pharmaceutical ingredients (APIs). It plays a crucial role in the development of compounds with potential therapeutic effects, such as anti-inflammatory and analgesic drugs. Additionally, it is utilized in organic synthesis for constructing complex biphenyl structures, which are valuable in material science and chemical research. Its application extends to the creation of liquid crystal materials, which are essential in the manufacturing of displays and electronic devices.