Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmacologically active molecules. Its structure, featuring a cyclopropane ring and a dimethylamino group, makes it valuable in the development of drugs targeting neurological disorders. Additionally, it is employed in the synthesis of dyes and pigments due to its ability to form stable, colored complexes. In research, it is utilized to study cyclopropane ring-opening reactions, which are crucial in understanding reaction mechanisms and designing new synthetic pathways.