This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structural framework is particularly valuable in the development of drugs targeting inflammatory diseases and certain types of cancers. The biphenyl moiety combined with the cyclopropane ring enhances the molecule's ability to interact with specific biological targets, such as enzymes and receptors, making it a versatile building block for drug design. Researchers often modify its carboxylic acid group to create derivatives with improved pharmacokinetic properties, such as better absorption and stability in the body. Additionally, it has shown potential in the study of protein-ligand interactions, aiding in the discovery of novel therapeutic compounds.