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 is particularly valuable in the development of pharmaceuticals, as it can impart unique biological activity to the compounds it is incorporated into. Additionally, it is used in the research and development of agrochemicals, where its structural features contribute to the creation of effective pesticides or herbicides. The compound’s stability and reactivity make it a versatile building block in various chemical reactions, enabling the synthesis of novel materials with potential applications in medicine and agriculture.