This chemical is primarily utilized in organic synthesis as a key intermediate for the development of more complex molecular structures. Its cyclopropane ring and ester functional group make it a valuable building block in the preparation of pharmaceuticals, particularly in the synthesis of compounds with potential biological activity. It is also employed in the research and development of agrochemicals, where it contributes to the creation of novel pesticides or herbicides. Additionally, its structural features allow it to be used in material science for the design of specialized polymers or coatings with unique properties.