Used in the synthesis of pharmaceuticals, particularly in the development of compounds with potential therapeutic effects. It serves as a key intermediate in the production of drugs targeting neurological disorders, including antidepressants and anticonvulsants. Additionally, it is utilized in organic chemistry research for the construction of cyclopropane-containing molecules, which are valuable in medicinal chemistry due to their unique structural and biological properties. Its application extends to the preparation of agrochemicals, where it contributes to the development of new pesticides and herbicides with improved efficacy and safety profiles.