This chemical is primarily utilized in the synthesis of advanced materials and polymers due to its ability to form stable, rigid structures. It serves as a key intermediate in the production of liquid crystal displays (LCDs), where its aromatic and ester functionalities contribute to the alignment and stability of liquid crystals. Additionally, it is employed in the development of high-performance polymers and coatings, enhancing thermal resistance and mechanical strength. Its role in organic synthesis also extends to the creation of pharmaceutical intermediates, particularly in the design of compounds with specific biological activities.