Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of non-steroidal anti-inflammatory drugs (NSAIDs) and other bioactive molecules. Its structure allows for selective substitution and coupling reactions, making it valuable in medicinal chemistry for constructing complex aromatic systems. Commonly employed in Suzuki-Miyaura cross-coupling reactions to form biaryl scaffolds found in drug candidates. Also utilized in the preparation of liquid crystal compounds for display technologies due to its rigid biphenyl core and halogen positioning.