This compound is primarily utilized in organic synthesis as an intermediate for the development of more complex chemical structures. Its cyclopropane ring and ester functional group make it a valuable building block in the creation of pharmaceuticals, particularly in the design of drugs targeting central nervous system disorders. Additionally, it finds application in the production of agrochemicals, where it serves as a precursor for synthesizing active ingredients in pesticides and herbicides. The compound’s unique structure also contributes to its use in material science, aiding in the development of specialized polymers and coatings with enhanced properties.