Used primarily as a synthetic intermediate in organic chemistry, this compound serves in the preparation of pharmaceuticals and biologically active molecules. Its structure allows for functionalization at multiple sites, making it valuable in building complex ring systems or side chains found in drug candidates. It is also employed in the synthesis of cyclopropyl-containing analogs to study structure-activity relationships. Additionally, it may act as a precursor in the production of fragrances or specialty chemicals due to the aromatic and strained cyclopropyl components influencing odor and reactivity.