Used in organic synthesis as a key intermediate for the development of pharmaceutical compounds. It is particularly valuable in the preparation of cyclopropane-containing molecules, which are often explored for their biological activity. The compound is also utilized in research for designing and synthesizing potential drug candidates targeting various diseases. Its structure allows for further functionalization, making it a versatile building block in medicinal chemistry. Additionally, it may be employed in the study of cyclopropane ring-opening reactions, which are of interest in synthetic organic chemistry.