We have proposed and demonstrated in recent years an unique technique to synthesize the two-frequency radiation by manipulating the amplitude and the phase of initial one-frequency lightwave. The output frequencies are symmetrical relatively to suppressed initial one and have strongly equal amplitudes and alternative phases. In this paper the principle of two-frequency radiation synthesis is summarized. The information structure of two-frequency radiation is examined and key aspects of its application are discussed concerning to the theory of precision spectral characterization of resonant structures and theory of quasi-harmonic oscillations and potential noise immunity.