Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of non-steroidal anti-inflammatory drugs (NSAIDs) and other bioactive molecules. Its functional groups allow for selective modifications, enabling the construction of complex organic structures. Commonly employed in cross-coupling reactions and cyclization processes to form biphenyl-based scaffolds found in various therapeutic agents. Also utilized in the preparation of ligands for catalytic applications and in materials science for designing organic semiconductors with specific electronic properties.