Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) for therapeutic drugs. It plays a role in the construction of cyclopropane-containing compounds, which are important in medicinal chemistry due to their unique structural and biological properties. Additionally, it is utilized in organic synthesis for creating complex molecules with potential applications in agrochemicals and fine chemicals. Its reactivity and functional groups make it valuable for constructing diverse chemical structures in research and industrial processes.