Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of active ingredients for drugs targeting central nervous system disorders. It serves as a building block in the production of certain antidepressants and antipsychotics due to its ability to modify receptor binding properties. Also employed in agrochemical synthesis for creating herbicides and insecticides, where its cyclopropyl group enhances metabolic stability. Additionally, it finds use in the preparation of specialty polymers and dyes, contributing to improved thermal and chemical resistance in materials.