This compound is primarily utilized in organic synthesis as a versatile intermediate. Its structure, featuring both a cyclopropane ring and ester functional groups, makes it valuable for constructing more complex molecules. It is often employed in the preparation of pharmaceuticals, where the cyclopropane moiety can impart unique biological activity. Additionally, it serves as a precursor in the synthesis of fine chemicals and agrochemicals. Its reactivity allows for further functionalization, enabling the creation of diverse compounds for research and industrial applications.