Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in the development of compounds with potential therapeutic properties, such as anti-inflammatory and anticancer agents. The cyclopropane ring and methoxyphenyl group in its structure make it a versatile building block for designing molecules with specific biological activities. Additionally, it is employed in research to study reaction mechanisms and to develop novel synthetic methodologies. Its application extends to material science, where it contributes to the creation of advanced materials with unique properties.