This chemical is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active compounds, particularly those targeting specific enzyme pathways or receptors. Its cyclopropane ring structure is of interest in drug design due to its unique conformational properties, which can enhance binding affinity and metabolic stability. Researchers often employ it in the synthesis of potential therapeutic agents, including anti-inflammatory and anticancer drugs. Additionally, its dimethoxy groups make it a valuable precursor for further chemical modifications, enabling the creation of diverse molecular libraries for high-throughput screening in drug discovery.