Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of biaryl-containing compounds. Its structure allows for further functionalization through cross-coupling reactions, making it valuable in medicinal chemistry for building complex molecules. Commonly employed in Suzuki and Ullmann reactions to form carbon-carbon bonds. Also utilized in the preparation of liquid crystals and organic electronic materials due to its rigid biphenyl framework and electron-withdrawing nitro group.