This compound is primarily used in organic synthesis as a building block for more complex molecules. Its cyclopropane ring structure makes it valuable in the development of pharmaceuticals, particularly in the synthesis of bioactive compounds and drug candidates. The presence of both methoxycarbonyl and carboxylic acid functional groups allows for versatile chemical modifications, enabling its use in the creation of chiral intermediates. It is also employed in the production of fine chemicals and agrochemicals, where its unique structure contributes to the design of compounds with specific biological activities. Additionally, it serves as a precursor in the synthesis of cyclopropane-containing natural products and other specialized organic materials.