Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system agents. Its structure allows for modification into bioactive molecules, making it valuable in medicinal chemistry research. Commonly employed in the preparation of cyclopropane-containing analogs to enhance metabolic stability and binding affinity in drug candidates. Also utilized in the creation of selective receptor modulators due to the constrained geometry of the cyclopropane ring, which can influence pharmacological activity.