Used as a key intermediate in the synthesis of agrochemicals and pharmaceuticals, particularly in the development of pyrethroid insecticides. Its cyclopropane structure with electron-withdrawing trifluoromethyl and methoxy groups enhances stability and bioactivity. Commonly employed in chiral synthesis due to its stereochemistry, enabling the production of enantiomerically pure active ingredients. Also utilized in research for designing novel compounds with improved pesticidal or biological activity.