This chemical is primarily utilized in the field of organic synthesis, particularly as an intermediate in the production of more complex compounds. It plays a crucial role in the development of pharmaceuticals, where it can be incorporated into the structure of active pharmaceutical ingredients (APIs). Additionally, it is used in agricultural chemistry for the synthesis of certain pesticides or herbicides, contributing to the creation of formulations that protect crops from pests or weeds. Its cyclopropane ring structure makes it a valuable building block in various chemical reactions, enabling the formation of diverse molecules with potential applications in research and industrial processes.