This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its unique spiro structure, featuring a cyclopropane ring connected at a single atom to an indoline moiety with a methoxy group at the 4' position, makes it valuable for constructing pharmacologically active compounds. It is often employed in the development of potential drug candidates, particularly those targeting neurological disorders, due to its ability to interact with specific biological receptors. Additionally, it is used in research to study cyclopropane ring-opening reactions, which are significant in understanding reaction mechanisms and designing novel synthetic pathways. The methoxy group further enhances its reactivity, making it a versatile building block in medicinal chemistry.