Used as an intermediate in the synthesis of liquid crystal materials for display technologies. Its biphenyl structure with a chloro substituent and ester functional group makes it valuable in creating mesogenic compounds that exhibit stable liquid crystalline phases. It is also employed in the development of pharmaceuticals and agrochemicals due to its ability to influence biological activity when incorporated into larger molecules. Additionally, it serves as a building block in organic synthesis, particularly in cross-coupling reactions to form complex aromatic systems.