This compound is primarily utilized in the pharmaceutical and chemical research industries. It serves as a key intermediate in the synthesis of various bioactive molecules and drug candidates. Its structure, featuring a biphenyl core with a methoxy group and acetic acid moiety, makes it valuable for designing compounds with potential anti-inflammatory, analgesic, or other therapeutic properties. Researchers often employ it in the development of novel small molecules targeting specific biological pathways. Additionally, it may be used in material science for creating specialized polymers or organic materials with unique properties. Its versatility in chemical reactions, such as coupling or functional group transformations, further enhances its utility in organic synthesis.