Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active ingredients for anti-inflammatory and central nervous system drugs. Its strained cyclopropane ring enhances reactivity, making it valuable in constructing complex organic molecules. Also employed in agrochemicals for creating herbicides and insecticides due to its ability to improve metabolic stability in target compounds. Commonly utilized in research settings for cyclopropanation reactions and the preparation of cyclopropane-containing analogs in medicinal chemistry.