This compound is primarily utilized in the field of medicinal chemistry as an intermediate in the synthesis of biologically active molecules. It plays a crucial role in the development of pharmaceutical agents, particularly in the creation of compounds targeting inflammation and pain management. Its structure, featuring a biphenyl core and a benzyloxy group, allows for further functionalization, making it valuable for designing drugs with enhanced efficacy and selectivity. Additionally, it is employed in research settings to study structure-activity relationships, aiding in the optimization of drug candidates for therapeutic applications.