Used as a key intermediate in the synthesis of antihypertensive drugs, particularly in the production of angiotensin II receptor antagonists like telmisartan. Its rigid biphenyl-cyclopropane structure enables selective binding to receptors involved in blood pressure regulation. Commonly employed in pharmaceutical research and development for creating potent, long-acting cardiovascular medications. Also utilized in the preparation of chiral building blocks for drug design due to its stereochemical stability.