This chemical is primarily utilized in organic synthesis as a building block for creating more complex molecules. It is often employed in the development of pharmaceuticals, where its structure can be modified to produce active compounds with potential therapeutic effects. Additionally, it serves as an intermediate in the production of agrochemicals, contributing to the synthesis of pesticides or herbicides. Its biphenyl core and carboxylic acid group make it valuable in material science, particularly in the design of organic electronic materials or polymers. Researchers also use it in academic studies to explore reaction mechanisms or develop new synthetic pathways.