Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and anti-inflammatory agents. Its structure supports the formation of biaryl ether motifs commonly found in bioactive molecules. It is also employed in the preparation of liquid crystals and organic semiconductors due to its stable aromatic framework and favorable electronic properties. In research, it serves as a building block for Suzuki and Ullmann-type coupling reactions to construct complex aromatic systems.