Used primarily as a synthetic intermediate in organic chemistry, this compound serves in the construction of complex cyclic structures due to its strained bicyclic framework. Its ester functionality allows for further derivatization, making it valuable in the synthesis of pharmaceuticals and bioactive molecules. The presence of the cyclopropane ring fused to a cyclohexane system provides rigidity and stereochemical control, which is advantageous in asymmetric synthesis. It is also employed in the development of novel fragrance components and agrochemicals where specific molecular geometry influences activity.