Used primarily as a key intermediate in the synthesis of pyrethroid insecticides, this compound plays an important role in agrochemical manufacturing. Its structure allows for efficient derivatization to form cyclopropane rings, which are essential for the biological activity of many synthetic pyrethroids. Due to its reactivity and stability profile, it is favored in multi-step routes to produce insecticides with high potency and selectivity against a range of pests. It is also explored in the preparation of other fine chemicals requiring functionalized dioxane derivatives.