Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system (CNS) agents. It serves as a building block for dopamine receptor modulators and is involved in the preparation of compounds with potential antiparkinsonian and antipsychotic activity. Its structure allows for selective binding and improved metabolic stability in drug candidates. Also utilized in medicinal chemistry research for optimizing lead compounds due to its rigid cyclopropyl-indane framework, which enhances target selectivity and pharmacokinetic properties.