Used primarily in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of compounds targeting neurological disorders, particularly in the creation of drugs that modulate serotonin and dopamine receptors. Additionally, it is utilized in research to explore potential treatments for depression, anxiety, and other mood-related conditions. Its cyclopropane structure contributes to its biological activity, making it valuable in medicinal chemistry for designing novel therapeutic agents.