This chemical is primarily used in the synthesis of organic compounds, particularly in the production of dyes and pigments. It serves as an intermediate in the creation of complex molecules for industrial applications. Additionally, it is employed in the development of pharmaceuticals, where it acts as a building block for active pharmaceutical ingredients (APIs). Its role in research and development is significant, especially in the study of biphenyl derivatives and their properties. The compound is also utilized in the manufacture of agrochemicals, contributing to the formulation of pesticides and herbicides. Its versatility in organic synthesis makes it valuable in various chemical industries.