Used as a key intermediate in the synthesis of certain pharmaceuticals, particularly in the production of non-steroidal anti-inflammatory drugs (NSAIDs) and related analgesic compounds. Its rigid cyclopropane ring and methoxy-substituted phenyl group enhance binding selectivity in biological targets, making it valuable in drug design for improving metabolic stability and potency. Also employed in the development of chiral building blocks for asymmetric synthesis in medicinal chemistry.