Used primarily in organic synthesis, this compound serves as an intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows it to participate in reactions that form more complex molecules, particularly those with biphenyl motifs. Additionally, it finds application in the development of liquid crystals used in display technologies, owing to its stable aromatic system and ability to modify molecular alignment. In research, it is utilized to study reaction mechanisms and to develop new synthetic pathways for biphenyl derivatives.