This chemical is utilized in organic synthesis as a key intermediate for the preparation of more complex molecules, particularly in the development of pharmaceuticals. Its structure, featuring a cyclopropyl ring and a methanol group, makes it valuable for constructing compounds with specific stereochemistry and biological activity. It is often employed in the synthesis of potential drug candidates targeting neurological disorders or as a building block for ligands in catalytic processes. Additionally, its unique ring system can be leveraged in materials science for creating polymers with tailored properties. Researchers also explore its use in asymmetric synthesis to produce chiral compounds with high enantiomeric purity.