Used primarily as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. Its biphenyl core structure makes it valuable in the development of liquid crystal materials for display technologies. It also serves as a building block in the synthesis of non-steroidal anti-inflammatory drugs (NSAIDs) and related compounds due to the presence of the ester and aromatic functionalities. Additionally, it finds use in research settings for constructing more complex molecules through cross-coupling reactions and functional group transformations.