This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its cyclopropane ring structure is particularly valuable in the development of pharmaceuticals, as it can impart unique biological activity to the final compounds. Additionally, it is used in the research and development of agrochemicals, contributing to the creation of new pesticides or herbicides with enhanced efficacy. The compound's aromatic isopropyl group further enhances its utility in fine chemical synthesis, enabling the modification of its properties for specific applications.