This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of drugs targeting neurological disorders and cardiovascular diseases due to its unique structural properties. Additionally, it serves as a building block in organic synthesis for creating more complex molecules with potential therapeutic applications. Its cyclopropane ring structure contributes to the stability and bioactivity of the final drug products. Researchers also explore its use in designing enzyme inhibitors, which can play a crucial role in treating metabolic and infectious diseases.