This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of biologically active molecules, particularly those targeting neurological and inflammatory disorders. Its structure, featuring a cyclopropane ring and a benzyloxy group, makes it a valuable building block for developing compounds with potential therapeutic effects. Researchers often modify its structure to enhance drug-like properties, such as bioavailability and target specificity. It is also explored in the development of enzyme inhibitors and receptor modulators, contributing to the advancement of treatments for complex diseases.