Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system agents. It serves in the preparation of selective monoamine oxidase inhibitors and other neuroactive drugs. Its structure supports binding affinity to neural receptors, making it valuable in medicinal chemistry for designing antidepressants and anxiolytic agents. Also utilized in research settings for structure-activity relationship studies due to the stability imparted by the cyclopropane ring and halogenated benzyl group.