Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. It is particularly valuable in the development of cyclopropyl-containing molecules, which are often explored for their bioactive properties. The compound’s structure allows it to participate in cross-coupling reactions, such as Suzuki or Heck reactions, enabling the creation of complex organic frameworks. Additionally, it is utilized in research settings to study the effects of cyclopropyl groups on the stability and reactivity of aromatic systems. Its application extends to material science, where it contributes to the synthesis of advanced polymers and specialty chemicals.