Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of fibrates—lipid-regulating agents used to treat high cholesterol and triglyceride levels. Its structure supports the development of compounds with high receptor selectivity, making it valuable in creating active pharmaceutical ingredients (APIs) for cardiovascular drugs. Also employed in the preparation of liquid crystal materials for display technologies due to its rigid aromatic framework and polarity. Its nitrile and fluorinated phenyl groups enhance thermal stability and electronic properties, beneficial in organic semiconductors and agrochemicals.