This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. It plays a significant role in the development of compounds targeting central nervous system disorders, including depression and anxiety. Its structural features make it a valuable building block for creating molecules with potential therapeutic effects. Additionally, it is employed in research settings to study the biological activity of cyclopropane-containing compounds, which are known for their unique pharmacological properties. The compound’s stability and reactivity also make it suitable for use in organic synthesis, particularly in the preparation of complex molecules with specific biological targets.