Used primarily in the pharmaceutical industry, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its unique structure makes it valuable in the development of chiral drugs, particularly those targeting central nervous system disorders. The compound's cyclopropane ring contributes to the stability and bioavailability of the final drug molecules. Additionally, it is employed in research settings for studying enzyme inhibition and receptor binding activities, aiding in the discovery of new therapeutic agents. Its application extends to agrochemicals, where it is utilized in the creation of novel pesticides with enhanced efficacy and reduced environmental impact.