This compound is primarily utilized in organic synthesis as a versatile intermediate for the preparation of more complex molecules. It is particularly valuable in the synthesis of pharmaceuticals, where its cyclopropyl and ester groups can be leveraged to build specific structural motifs. Additionally, it serves as a key building block in the development of agrochemicals, contributing to the creation of compounds with potential pesticidal or herbicidal properties. Its reactivity also makes it suitable for use in research and development, particularly in the exploration of novel chemical reactions and pathways.