Used primarily as an intermediate in the synthesis of non-steroidal anti-inflammatory drugs (NSAIDs), particularly in the development of profen-class medications. Its structure allows for chiral derivatization, making it valuable in creating enantiomerically pure pharmaceuticals. It is also employed in the preparation of liquid crystal monomers for display technologies due to its stable aromatic core and alkyl chain flexibility. Additionally, it serves as a building block in organic synthesis for introducing biphenyl-like motifs in functional molecules.