Used in organic synthesis as a versatile intermediate for the preparation of various heterocyclic compounds, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key building block in the synthesis of cyclopropane-containing molecules, which are often explored for their biological activity. The compound is also employed in the creation of peptide mimetics and other bioactive molecules, contributing to drug discovery and development processes. Its unique structure allows for modifications that enhance the efficacy and specificity of target compounds in medicinal chemistry.