This compound is primarily utilized in the field of organic synthesis and material science. It serves as a key intermediate in the production of advanced polymers and liquid crystals, which are essential for display technologies such as LCDs. Its bifunctional structure allows it to act as a building block for creating complex molecular architectures, particularly in the development of high-performance materials with specific optical and electronic properties. Additionally, it finds application in the synthesis of pharmaceutical compounds, where its hydroxyl and carboxylic acid groups enable the formation of bioactive molecules with potential therapeutic effects. Its versatility also extends to coordination chemistry, where it is used to design metal-organic frameworks (MOFs) with tailored porosity and functionality for applications in gas storage, separation, and catalysis.