This compound is primarily utilized in the synthesis of pharmaceuticals, particularly in the production of chiral intermediates. Its structure, featuring a cyclopropyl group and a hydroxyl group, makes it valuable for constructing complex molecules with specific stereochemistry. It is often employed in the development of drugs targeting cardiovascular diseases, central nervous system disorders, and other therapeutic areas. Additionally, it serves as a key building block in organic synthesis for creating enantiomerically pure compounds, which are crucial in the design of active pharmaceutical ingredients (APIs). Its application extends to research and development in medicinal chemistry, where it aids in exploring new drug candidates and optimizing their biological activity.