Used in organic synthesis as an intermediate for pharmaceuticals, particularly in the development of central nervous system agents. Its cyclopropyl structure with a methoxyphenyl group enables modulation of biological activity in drug candidates. Commonly employed in the preparation of analgesics and antidepressants due to its ability to influence receptor binding affinity. Also utilized in the synthesis of chiral building blocks for asymmetric synthesis, making it valuable in the production of enantiomerically pure drugs.