Used primarily as an intermediate in organic synthesis, this compound serves in the preparation of more complex molecules for pharmaceutical and agrochemical applications. Its cyclopropyl and hydroxyl functional groups allow for selective chemical modifications, making it valuable in building bioactive structures. The alcohol group enables esterification or oxidation reactions, while the strained cyclopropyl ring can influence molecular stability and reactivity in target compounds. It may also find use in fragrance synthesis due to its aliphatic and cyclic characteristics.