1,1-Biphenyl-2,4-dimethanol is primarily used in the synthesis of complex organic compounds, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of various drugs, including those targeting central nervous system disorders. Its structure allows for the creation of molecules with specific biological activities, making it valuable in medicinal chemistry. Additionally, it is utilized in the development of liquid crystals, which are essential components in display technologies such as LCDs. The compound's ability to form stable, ordered structures contributes to the efficiency and performance of these materials. In research, it is often employed in studies related to organic synthesis and material science, aiding in the discovery of new compounds with potential industrial applications.