This compound is primarily utilized in the synthesis of various pharmaceutical agents. It serves as a key intermediate in the production of drugs that target neurological and psychiatric disorders. Its structural properties make it valuable in the development of compounds with potential anticonvulsant and anxiolytic effects. Additionally, it is employed in research settings to study the pharmacological activity of cyclopropane-containing molecules, which are of interest due to their unique three-membered ring structure. The compound’s reactivity and stability also make it useful in organic synthesis for constructing complex molecules with specific therapeutic applications.