This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various bioactive molecules, particularly those targeting inflammation and oxidative stress-related conditions. Its structure, featuring both hydroxyl and methoxy groups, makes it a valuable building block for designing compounds with potential antioxidant and anti-inflammatory properties. Researchers also explore its use in creating novel drug candidates for treating neurodegenerative diseases, where oxidative damage plays a significant role. Additionally, its biphenyl core structure is leveraged in the synthesis of advanced materials, such as liquid crystals and polymers, due to its ability to influence molecular alignment and stability.