This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceutical compounds. Its structure allows it to participate in reactions that form complex molecules, particularly those used in drug development. Additionally, it is employed in the creation of liquid crystal materials, which are essential components in display technologies such as LCD screens. The compound’s biphenyl group contributes to its stability and electronic properties, making it suitable for applications in advanced materials science. Researchers also explore its potential in the synthesis of organic semiconductors, which are critical for developing flexible electronics and solar cells.