Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. Its strained cyclopropane ring enhances reactivity, making it valuable for constructing complex molecules. Commonly employed in carbonyl addition reactions and ring-opening transformations to build functionalized esters and carboxylic acid derivatives. Also utilized in the development of bioactive compounds due to its ability to mimic peptide bonds or serve as a rigid scaffold in drug design.