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 drugs targeting neurological disorders such as depression, anxiety, and psychosis due to its structural similarity to known bioactive piperidine derivatives. Its rigid cyclopropane ring enhances metabolic stability and binding selectivity, making it valuable in medicinal chemistry for optimizing drug potency and pharmacokinetics. Also employed in the preparation of selective receptor modulators, including serotonin and dopamine receptor ligands.