Used primarily as a key intermediate in organic synthesis, especially in the preparation of cyclopropane-containing compounds. Its strained bicyclic structure makes it valuable in ring-opening and cycloaddition reactions, enabling the construction of complex carbocycles and heterocycles. Commonly employed in pharmaceutical synthesis where cyclopropane motifs are present, such as in certain antiviral and anti-inflammatory agents. Also utilized in agrochemicals for building bioactive molecules with enhanced stability and specificity. Its reactivity allows for selective functionalization, making it useful in the development of specialty chemicals and fine intermediates.