This compound is primarily utilized in organic synthesis as an intermediate for the development of more complex chemical structures. Its unique cyclopropane ring and nitrophenyl group make it valuable in the preparation of pharmaceuticals, particularly in the synthesis of compounds with potential biological activity. Researchers often employ it in studies related to drug discovery, where it serves as a building block for creating molecules that may exhibit therapeutic effects. Additionally, it is used in the field of agrochemicals for the development of novel pesticides or herbicides, leveraging its structural properties to enhance efficacy. Its role in these applications highlights its importance in advancing both medicinal and agricultural chemistry.