This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals and fine chemicals. Its structure, featuring a biphenyl group conjugated with an acrylic acid moiety, makes it valuable for designing molecules with specific electronic and steric properties. It is often employed in the development of liquid crystal materials, which are essential components in display technologies like LCDs. Additionally, it finds application in the synthesis of organic semiconductors, contributing to advancements in organic electronics and optoelectronic devices. Its ability to undergo polymerization reactions also makes it a candidate for creating functional polymers with potential uses in coatings, adhesives, and advanced materials.