Used as an intermediate in the synthesis of pharmaceuticals, particularly in the preparation of biologically active compounds that target central nervous system disorders. It serves as a building block for cyclopropane-containing analogs of natural amino acids, which are explored for their metabolic stability and receptor selectivity. Also employed in agrochemical research for developing plant growth regulators due to the structural similarity to ethylene precursors. Its rigid cyclopropane ring enhances binding affinity in medicinal chemistry applications, making it valuable in drug design for improved potency and pharmacokinetics.