This compound is primarily used in organic synthesis as a versatile building block for the creation of complex molecules. Its cyclopropane ring structure and functional groups make it valuable in the development of pharmaceuticals, particularly in the synthesis of bioactive compounds and drug intermediates. It is also employed in the preparation of fine chemicals and agrochemicals, where its unique structure contributes to the development of novel compounds with specific biological activities. Additionally, it serves as a precursor in the synthesis of cyclopropane-containing natural products and other cyclic compounds, leveraging its reactivity in various chemical transformations.