Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and biologically active compounds. Its structure allows for functional group modifications, making it valuable in constructing complex molecules. Commonly employed in the development of carbocyclic nucleoside analogs and other medicinal chemistry applications where a cyclopropyl ketone moiety is required. Also utilized in the synthesis of agrochemicals and specialty polymers due to its reactive carboxylic acid and ketone groups.