This chemical is primarily utilized in the synthesis of advanced materials and organic compounds due to its unique structural properties. It serves as a key intermediate in the production of liquid crystals, which are essential components in display technologies such as LCD screens. Additionally, its biphenyl structure makes it valuable in the development of polymers and resins, enhancing their thermal stability and mechanical strength. In the pharmaceutical industry, it is employed as a building block for creating complex molecules with potential therapeutic applications. Its symmetrical and rigid framework also makes it suitable for use in organic electronics, contributing to the fabrication of efficient semiconductors and optoelectronic devices.