This compound is primarily utilized in the field of pharmaceutical research and development, particularly in the synthesis of chiral molecules. Its structure, featuring both cyclopropyl and phenylethyl groups, makes it a valuable intermediate in the creation of enantiomerically pure drugs. It is often employed in asymmetric synthesis to produce compounds with high stereochemical control, which is crucial for developing medications with specific biological activities and reduced side effects.

Additionally, it finds application in the study of enzyme inhibitors and receptor modulators due to its ability to mimic natural substrates or ligands. Researchers leverage its chiral properties to design and optimize drug candidates targeting complex biological pathways, such as those involved in neurological or cardiovascular diseases. Its role in facilitating the production of optically active compounds also contributes to advancements in medicinal chemistry and drug discovery.