2-Biphenylmethanol exhibits the formation of a new phase in a supercooled liquid state which was studied by differential scanning calorimetry and x-ray diffraction measurements. On heating 2-biphenylmethanol undergoes transformation from the glassy to liquid phase which has been investigated by luminescence spectra.2-Biphenylmethanol was used in the synthesis of o-ethynylbiphenyl and o-alkynylstyrene derivatives. 2-Biphenylmethanol exhibits the formation of a new phase in a supercooled liquid state which was studied by differential scanning calorimetry and x-ray diffraction measurements. On heating 2-biphenylmethanol undergoes transformation from the glassy to liquid phase which has been investigated by luminescence spectra. 2-Biphenylmethanol was used in the synthesis of o-ethynylbiphenyl and o-alkynylstyrene derivatives.