This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its unique structure, featuring a biphenyl group attached to a cyclopropane ring, makes it a valuable building block for developing molecules with potential therapeutic properties. It is often employed in the design and production of drugs targeting specific enzymes or receptors, particularly in the treatment of inflammatory diseases, cancer, and neurological disorders. Additionally, its rigid cyclopropane ring can enhance the stability and bioavailability of the resulting compounds, making it a preferred choice in drug discovery and development processes.