This compound is primarily utilized in organic synthesis as a building block for more complex molecules. It serves as a key intermediate in the preparation of various pharmaceuticals, particularly those targeting neurological disorders. The cyclopropane ring in its structure is often exploited for its unique reactivity, enabling the creation of stereochemically defined products. Additionally, it is used in the development of agrochemicals, where its structural features contribute to the efficacy of pest control agents. Researchers also employ it in the study of cyclopropane ring-opening reactions, which are valuable in synthetic chemistry for constructing diverse carbon frameworks.