Used primarily as a synthetic intermediate in the production of pharmaceuticals, particularly in the development of central nervous system agents. It serves as a chiral building block in the synthesis of biologically active compounds, including analgesics and anti-inflammatory drugs. Its cyclopropane structure imparts conformational rigidity, which is valuable in optimizing receptor binding and metabolic stability in drug design. Also employed in the preparation of specialty agrochemicals due to its ability to enhance selectivity and potency in active ingredients.