This compound is primarily utilized in the synthesis of organic materials, particularly in the development of liquid crystals, which are essential components in display technologies such as LCD screens. Its biphenyl structure and carboxylic acid group make it a valuable intermediate in creating complex molecules with specific optical and electronic properties. Additionally, it is employed in pharmaceutical research for designing drug candidates, where its structural framework can be modified to enhance binding affinity and efficacy. In material science, it serves as a building block for polymers and advanced materials with tailored functionalities.