Used as a key intermediate in organic synthesis, particularly in the preparation of cyclopropane-containing pharmaceuticals and biologically active compounds. Its rigid cyclopropane core with ester functionalities allows for further chemical modifications, making it valuable in the development of protease inhibitors, antiviral agents, and other medicinal chemistry applications. It is also employed in asymmetric synthesis to construct chiral building blocks for drug discovery. Additionally, it serves in agrochemical research for designing novel pesticides with improved stability and selectivity.