This chemical is primarily utilized in the synthesis of organic compounds, particularly in the development of pharmaceuticals. Its structure, featuring a cyclopropyl ring and a methanol group, makes it a valuable intermediate in creating complex molecules. It is often employed in medicinal chemistry to design and produce drug candidates with potential therapeutic effects. Additionally, it may be used in research settings to study chemical reactions involving cyclopropane derivatives, which are known for their unique reactivity and stability. Its applications also extend to the field of agrochemicals, where it can be incorporated into the synthesis of compounds used for crop protection or pest control.