Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of bioactive molecules with cyclopropane ring systems. Its strained bicyclic structure makes it valuable in medicinal chemistry for mimicking peptide bonds or conformationally restricting molecules to enhance potency and selectivity. Commonly employed in research settings for building complex organic frameworks, especially in the design of enzyme inhibitors and central nervous system agents. Also utilized in agrochemical research for creating novel active ingredients with improved stability and activity profiles.