This chemical is primarily utilized in organic synthesis as a key intermediate for the development of more complex molecules. Its structure, featuring both cyclopropane and acrylate functionalities, makes it valuable in the construction of pharmacologically active compounds. It is often employed in the synthesis of heterocyclic compounds, which are crucial in medicinal chemistry for creating drugs with potential therapeutic effects. Additionally, its reactive sites allow for further functionalization, enabling the production of diverse chemical entities for research and development purposes.