This compound is primarily utilized in the field of medicinal chemistry as an intermediate in the synthesis of various pharmaceutical agents. Its structure, featuring a cyclopropane ring and substituted phenyl group, makes it a valuable building block for developing molecules with potential biological activity. It is often incorporated into drug discovery programs targeting enzymes or receptors, particularly in the design of anti-inflammatory, antiviral, or anticancer compounds. Additionally, its unique chemical framework allows for further functionalization, enabling researchers to explore diverse therapeutic applications.