This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those targeting neurological and cardiovascular disorders. Its unique structure makes it a valuable intermediate in the development of drugs with cyclopropane rings, which are known for their biological activity. It is also employed in organic chemistry research for studying cyclopropane ring reactions and stability. Additionally, it finds use in the production of agrochemicals, contributing to the creation of pesticides and herbicides with enhanced efficacy. Its role in fine chemical manufacturing further extends to the development of specialty chemicals used in diverse industrial applications.