This compound is primarily utilized in organic synthesis as a building block for the preparation of more complex molecules. Its structure, featuring a cyclopropane ring and a benzyloxycarbonyl protecting group, makes it valuable in peptide synthesis and pharmaceutical research. The benzyloxycarbonyl group can be selectively removed under mild conditions, allowing for the controlled construction of target molecules. Additionally, the cyclopropane ring imparts unique steric and electronic properties, making it useful in the development of bioactive compounds, including potential drugs and agrochemicals. Its application extends to materials science, where it can be incorporated into polymers or coatings to modify their properties.