A liquid crystal compound with high optical anisotropy is provided. The liquid crystal compound is represented by formula (I), wherein each of R1 and R2 represents an alkyl group having 1 to 10 carbon atoms or an alkenyl group having 2 to 10 carbon atoms; the alkyl group and the alkenyl group are unsubstituted or substituted by —O—, —CO—, or —COO— groups; each of X1, X2, X3, and X4 represents hydrogen or fluorine, and at least one of X1, X2, X3, and X4 is fluorine; m is 1, 2, or 3; n is 0, 1, or 2, and 2≦m+n≦3.