This chemical is primarily utilized in the synthesis of organic compounds, particularly in the development of pharmaceuticals and bioactive molecules. Its structure, featuring a biphenyl group conjugated with an acrylic acid moiety, makes it a valuable intermediate in the creation of compounds with potential anti-inflammatory, anticancer, or antimicrobial properties. Additionally, it is employed in material science for the preparation of polymers and coatings, where its conjugated system can enhance electronic properties or stability. Its role in organic synthesis also extends to the production of dyes and pigments, leveraging its ability to form stable, colored complexes.