Used as a key intermediate in the synthesis of certain pharmaceuticals, particularly in the development of biologically active compounds targeting central nervous system disorders. Its structure supports the creation of analogs with enhanced metabolic stability and receptor selectivity. Commonly employed in medicinal chemistry for constructing cyclopropane-containing drug candidates, especially those aiming at improved pharmacokinetic profiles. Also utilized in the preparation of fluorinated derivatives to modulate lipophilicity and bioavailability in drug design.