Used as a chiral building block in organic synthesis, particularly in the development of pharmaceuticals and natural products. Its strained bicyclic structure and functional handle (hydroxymethyl group) make it valuable for constructing complex molecules with defined stereochemistry. Commonly employed in ring-opening reactions, cross-coupling, and as a precursor to cyclopropane-containing compounds which are of interest in medicinal chemistry due to their metabolic stability and conformational rigidity. Also utilized in the synthesis of prostaglandins and other bioactive molecules where the cyclopropane motif enhances binding affinity or biological activity.