This compound is primarily utilized in the synthesis of pharmaceuticals and organic materials. It serves as a key intermediate in the production of various bioactive molecules, particularly in the development of drugs targeting specific receptors or enzymes. Its structure, featuring both an amino and a carboxylic acid group, allows for versatile chemical modifications, making it valuable in creating complex organic compounds. Additionally, it is employed in research for designing fluorescent probes or dyes due to its aromatic biphenyl core, which can be functionalized for specific applications in imaging or sensing. Its role in material science includes the development of polymers or coatings with tailored properties.