Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of certain antiviral and anticancer agents. Its structure allows for selective functionalization, making it valuable in building complex organic molecules. Commonly employed in stereoselective reactions due to the presence of both hydroxyl and nitrile groups adjacent to a cyclopropyl ring, enabling the formation of chiral centers important in drug development. Also utilized in agrochemical synthesis for creating bioactive molecules with enhanced stability and activity.