This compound is primarily utilized in the field of medicinal chemistry as an intermediate in the synthesis of pharmaceutical agents. Its structure, featuring a cyclopropane ring and a substituted phenyl group, makes it a valuable building block for developing drugs with potential biological activity. It is often employed in the creation of compounds targeting specific receptors or enzymes, particularly in the development of anti-inflammatory or central nervous system (CNS) medications. Additionally, its unique chemical framework allows for further functionalization, enabling researchers to explore a wide range of therapeutic applications.