Used in the synthesis of biologically active compounds, particularly in pharmaceuticals where cyclopropane derivatives are key structural motifs. Its hydroxymethyl and ester functional groups allow for further chemical modifications, making it a valuable chiral building block in drug development. Commonly employed in the preparation of antiviral and antibacterial agents due to its ability to mimic peptide bonds and enhance metabolic stability. Also utilized in agrochemicals for the design of novel pesticides with improved selectivity and environmental profiles.