Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of selective serotonin reuptake inhibitors (SSRIs) and other central nervous system agents. Its strained cyclopropane ring and functional groups make it valuable for constructing complex molecules with high stereochemical control. Commonly employed in medicinal chemistry for developing bioactive compounds due to its metabolic stability and ability to enhance binding affinity. Also utilized in the preparation of agrochemicals and specialty organic compounds where rigid molecular frameworks are required.