This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting central nervous system disorders. Its structural features make it valuable for designing molecules with potential therapeutic effects, such as anticonvulsants or anxiolytics. Additionally, it is employed in organic chemistry for studying cyclopropane ring reactions and their stability in different chemical environments. Its applications also extend to material science, where it is used to develop novel organic materials with specific electronic or photophysical properties.