Used in organic synthesis as an intermediate for producing more complex chemical compounds. It plays a role in the development of pharmaceuticals, particularly in the creation of molecules with potential therapeutic properties, such as anti-inflammatory or antibacterial agents. Its cyclopropene structure is valuable in research for studying cyclopropene derivatives and their reactivity, which are rare in nature but important for designing bioactive chemicals. Additionally, it may be utilized in material science for designing novel polymers or coatings with specific properties. Its applications are primarily focused on experimental and industrial chemistry.