Used as a key intermediate in the synthesis of biologically active compounds, particularly in pharmaceuticals targeting central nervous system disorders. Its rigid cyclopropane structure and aromatic substitution pattern make it valuable in designing ligands for neurotransmitter receptors. Commonly employed in the development of serotonin and dopamine receptor modulators due to its ability to mimic phenyl ring orientations in bioactive conformations. Also utilized in agrochemicals for creating chiral synthons with enhanced selectivity.