This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure, featuring a cyclopropane ring and a substituted phenyl group, makes it a valuable building block for developing molecules with potential biological activity. It is often employed in the creation of compounds targeting specific enzymes or receptors, particularly in the development of drugs for neurological or inflammatory disorders. Additionally, its unique chemical properties allow it to be used in the optimization of drug candidates to improve their efficacy, selectivity, and pharmacokinetic profiles. Researchers also explore its applications in designing novel therapeutic agents for cancer treatment due to its ability to interact with biological targets involved in cell proliferation and apoptosis.