Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the preparation of bioactive molecules and drug candidates. Its rigid cyclopropane backbone enhances structural stability and influences stereochemistry in final compounds. Commonly employed in the development of antiviral and anti-inflammatory agents. Also utilized in agrochemical synthesis for creating structurally constrained analogs with improved metabolic stability. The monoester functionality allows for selective further derivatization, making it valuable in multi-step organic synthesis.