Used as an intermediate in the synthesis of non-steroidal anti-inflammatory drugs (NSAIDs), particularly in the production of profen-class pharmaceuticals. Its chiral structure makes it valuable in asymmetric synthesis for developing enantiomerically pure drugs. Also employed in the preparation of liquid crystal materials for display technologies due to its stable biphenyl core and functional versatility. Serves as a building block in organic synthesis for creating complex bioactive molecules and in the development of specialty polymers with enhanced thermal and mechanical properties.