This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure, featuring a cyclopropyl group and a hydroxybenzenepropanoic acid moiety, makes it valuable for developing drugs targeting specific biological pathways. It is often employed in the production of compounds with potential anti-inflammatory, cardiovascular, or central nervous system activities. Additionally, its ester functionality allows for further chemical modifications, enabling the creation of derivatives with enhanced pharmacological properties. Researchers also explore its use in designing enzyme inhibitors or receptor modulators due to its unique stereochemistry and functional groups.