This compound is primarily utilized in the synthesis of advanced organic materials, particularly in the development of liquid crystals for display technologies. Its biphenyl core structure, combined with acetyl and carboxylic acid functional groups, allows it to act as a key intermediate in creating molecules with specific optical and electronic properties. Additionally, it finds application in pharmaceutical research, where it serves as a building block for designing drug candidates with potential therapeutic effects. Its versatility also extends to the field of organic electronics, where it contributes to the development of semiconducting materials for use in devices like organic light-emitting diodes (OLEDs) and solar cells.