This compound is primarily utilized in the field of organic synthesis, particularly as an intermediate in the production of more complex chemical structures. Its unique cyclopropane ring and biphenyl moiety make it valuable for constructing molecules with specific steric and electronic properties. It is often employed in the development of pharmaceuticals, where it can serve as a building block for active pharmaceutical ingredients (APIs) that target various diseases. Additionally, its structure is beneficial in materials science, where it can be incorporated into polymers or coatings to enhance their performance characteristics, such as durability or chemical resistance. In agrochemical research, it may be used to design novel pesticides or herbicides with improved efficacy and environmental safety profiles.