Used as a key intermediate in the synthesis of non-steroidal anti-inflammatory drugs (NSAIDs), particularly in the production of profen-class medications. Its cyclopropane structure with specific stereochemistry enables enhanced metabolic stability and targeted activity. Commonly employed in pharmaceutical research to develop analogs with improved efficacy and reduced side effects. Also utilized in chiral synthesis due to its stereoselective properties, making it valuable in asymmetric reactions for drug development.