This chemical is primarily used in pharmaceutical research and development, particularly in the synthesis of novel drug compounds. Its structure, featuring both cyclopropyl and iodo groups, makes it a valuable intermediate in the creation of molecules with potential therapeutic properties. It is often employed in medicinal chemistry to develop inhibitors or modulators of specific biological targets, such as enzymes or receptors, due to its ability to interact with various biomolecules. Additionally, it can serve as a building block in the preparation of more complex heterocyclic compounds, which are frequently explored for their biological activity in drug discovery programs.