Used as an intermediate in organic synthesis, particularly in the pharmaceutical industry for constructing complex molecules. Its ester and ketone functionalities allow for selective transformations, such as hydrolysis, reduction, and cross-coupling reactions. Commonly employed in the development of active pharmaceutical ingredients (APIs) where the cyclopropane ring contributes to metabolic stability and binding affinity. Also utilized in the synthesis of anti-inflammatory and central nervous system agents due to its rigid structure and ability to mimic bioactive conformations.