This compound is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various bioactive molecules, particularly those targeting central nervous system disorders. Its structure, featuring a cyclopropyl group and a benzyloxy moiety, makes it valuable for designing drugs with potential antidepressant or anxiolytic properties. Additionally, it is employed in the study of enzyme inhibition and receptor modulation, aiding in the discovery of new therapeutic agents. Its applications also extend to material science, where it is explored for creating specialized polymers with unique properties.