This compound is primarily utilized in the synthesis of complex organic molecules, particularly in the development of pharmaceuticals and agrochemicals. Its structure, featuring both amino and hydroxyl groups, makes it a valuable intermediate in creating compounds with specific biological activities. It is often employed in the production of active pharmaceutical ingredients (APIs) that target various diseases, including cancer and inflammatory conditions. Additionally, its biphenyl core is useful in designing materials with unique electronic properties, such as organic semiconductors or liquid crystals, which are essential in advanced display technologies. The compound’s versatility also extends to its use in research laboratories for studying molecular interactions and developing new chemical reactions.