Used as a key chiral intermediate in the synthesis of certain pharmaceuticals, particularly in the production of antifungal agents like ravuconazole and related triazole derivatives. Its cyclopropane ring with specific stereochemistry enhances binding affinity and metabolic stability in final drug compounds. Also employed in agrochemical synthesis for developing herbicides and plant growth regulators due to its structural rigidity and resistance to degradation. The carboxylic acid functionality allows for easy derivatization into esters, amides, or salts for further chemical transformations.