This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its unique structure, featuring a cyclopropane ring and an ethylphenyl group, makes it valuable for constructing pharmacologically active compounds. It is often employed in the development of drugs targeting specific enzymes or receptors, particularly in the central nervous system. Additionally, its carboxylic acid group allows for further functionalization, enabling the creation of derivatives with tailored properties for various applications in medicinal chemistry. The compound’s stability and reactivity also make it a useful building block in materials science, particularly in the design of polymers with specific mechanical or thermal characteristics.