This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its cyclopropane ring structure makes it a valuable building block for creating compounds with specific three-dimensional configurations, which are often required in the development of pharmaceuticals and agrochemicals. Additionally, its ester functional group allows for further chemical modifications, enabling the synthesis of a wide range of derivatives with potential biological activity. In research settings, it is often employed to study the effects of cyclopropane-containing compounds on biological systems, contributing to the discovery of new drugs or crop protection agents.