This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its cyclopropane ring structure is particularly valuable in the development of pharmaceuticals, as it can impart unique conformational properties to drug candidates, potentially enhancing their biological activity and selectivity. Additionally, the ethylphenyl group can influence the compound's lipophilicity, making it useful in the design of drugs with optimized pharmacokinetic profiles. Beyond pharmaceuticals, this chemical may also find applications in materials science, where its structural features could contribute to the development of novel polymers or coatings with specific mechanical or chemical properties.