Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of non-steroidal anti-inflammatory drugs (NSAIDs) and other bioactive molecules. Its structure supports the formation of biphenyl-based compounds with enhanced binding affinity to biological targets. Also employed in the preparation of liquid crystals and organic semiconductors due to its conjugated aromatic system. Serves as a building block in cross-coupling reactions for creating complex organic frameworks in medicinal and materials chemistry.