This compound is primarily utilized in the synthesis of pharmaceuticals and organic materials. It serves as a key intermediate in the production of various drugs, particularly those targeting inflammation and cancer. Its biphenyl structure allows it to act as a building block for creating complex molecules with specific biological activities. Additionally, it is used in the development of fluorescent dyes and sensors due to its aromatic properties, which enhance light absorption and emission. In research, it is employed to study molecular interactions and design new compounds with potential therapeutic applications. Its carboxylic acid group also makes it suitable for coupling reactions, further expanding its utility in organic synthesis.