Used in organic synthesis as an intermediate for pharmaceuticals and bioactive compounds. Its cyclopropyl structure with a ketone and methoxyaryl group makes it valuable in developing analogs for drug discovery, particularly in central nervous system agents and anti-inflammatory compounds. Commonly employed in cross-coupling reactions and ring-expansion transformations to build complex molecular architectures. Also utilized in the preparation of chiral building blocks due to the rigidity of the cyclopropane ring, which can influence stereoselectivity in downstream reactions.