This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its structure, featuring a cyclopropane ring and a benzyloxy phenyl group, makes it a valuable intermediate in the creation of molecules with potential therapeutic properties. It is often explored in the design of compounds targeting inflammation, cancer, and central nervous system disorders due to its ability to interact with specific biological pathways. Additionally, its unique chemical framework is leveraged in medicinal chemistry to optimize drug potency, selectivity, and bioavailability. Researchers also investigate its role in developing enzyme inhibitors or receptor modulators, contributing to advancements in drug discovery.