This compound is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate for the development of more complex chemical structures. Its unique cyclopropane ring combined with the phenylcarbamoyl and carboxylic acid functional groups makes it valuable for constructing pharmacologically active molecules. Researchers often employ it in the synthesis of potential drug candidates, particularly in the design of compounds targeting specific enzymes or receptors. Additionally, it can be used in the preparation of agrochemicals, such as herbicides or pesticides, where its structural features contribute to the desired biological activity. The compound's reactivity also allows it to be incorporated into polymers or coatings, enhancing material properties like durability or chemical resistance. Its applications extend to academic research, where it is used to study reaction mechanisms or develop new synthetic methodologies.