This chemical is primarily utilized in organic synthesis as a key intermediate for the development of more complex molecules. It is often employed in the preparation of cyclopropane-containing compounds, which are valuable in pharmaceutical research due to their unique structural and biological properties. Additionally, it serves as a precursor in the synthesis of various active pharmaceutical ingredients (APIs) and agrochemicals, where the cyclopropyl group can enhance the stability and efficacy of the final product. Its methylsulfonyloxy group makes it a reactive species, useful in cross-coupling reactions and other transformations in medicinal chemistry.