This compound is primarily utilized in organic synthesis as a versatile building block for the preparation of more complex molecules. It is often employed in the synthesis of peptides and peptidomimetics, where the tert-butoxycarbonyl (Boc) group serves as a protective group for amines, preventing unwanted reactions during the synthesis process. The cyclopropane ring in the structure can introduce rigidity or specific conformational properties to the final molecule, which is valuable in drug discovery and the development of bioactive compounds. Additionally, it is used in the preparation of cyclopropane-containing intermediates for pharmaceuticals, agrochemicals, and other fine chemicals. Its stability and reactivity make it a useful reagent in multi-step synthetic routes.