Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its structure is particularly valuable in the development of active ingredients for drugs targeting inflammatory and metabolic disorders. Additionally, it is utilized in the creation of advanced materials, such as liquid crystals, due to its rigid cyclopropane ring and aromatic system. The tert-butyl group enhances its stability and solubility, making it suitable for various chemical reactions and formulations.