Used primarily as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antipsychotic and antidepressant drugs. Its structure allows for effective cross-coupling reactions, making it valuable in constructing complex organic molecules. It is also employed in the preparation of bioactive compounds and functional materials due to the reactivity of the ketone group and the stability imparted by the cyclopropyl ring. Commonly found in research settings for drug discovery and optimization, especially in medicinal chemistry programs targeting central nervous system disorders.