Used as a key intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. Its strained cyclopropane ring and ester functionality make it valuable for ring-opening reactions and cycloadditions, enabling the construction of complex molecular frameworks. Commonly employed in the development of active ingredients in crop protection agents and in the synthesis of bioactive molecules, including anti-inflammatory and antiviral compounds. Also utilized in fragrance and flavor synthesis due to its ability to serve as a building block for ester-based aroma chemicals.