Used in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals, as a building block for more complex molecules. It serves as a precursor in the creation of compounds with potential biological activity, such as inhibitors or modulators of specific enzymes or receptors. Its cyclopropane ring structure is valuable in drug design due to its unique conformational properties, which can enhance binding affinity and stability. Additionally, it is employed in research to study the effects of small ring systems on chemical reactivity and molecular interactions.