Used as an intermediate in the synthesis of pharmaceuticals, particularly in the preparation of angiotensin II receptor antagonists like valsartan and related antihypertensive drugs. Its structure allows for the introduction of biphenyl motifs, which are common in bioactive molecules. Also employed in organic synthesis to introduce the biphenylmethyl group through alkylation reactions. Suitable for use in cross-coupling reactions and the development of functionalized aromatic compounds for medicinal chemistry research.