Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and antiviral agents. Its structure supports the formation of bioactive molecules by serving as a building block for modifying aromatic cores in drug candidates. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies due to the cyclopropyl and hydroxy groups that influence metabolic stability and binding affinity. Also utilized in the preparation of ester and amide derivatives to enhance cell permeability in prodrug designs.