This compound is primarily utilized in the field of organic synthesis, particularly as an intermediate in the production of more complex chemical structures. Its cyclopropane ring and functional groups make it a valuable building block for creating pharmaceuticals, agrochemicals, and other specialty chemicals. In medicinal chemistry, it may be employed in the development of drug candidates, especially those targeting neurological or metabolic disorders, due to its structural versatility. Additionally, its presence in agrochemical research contributes to the synthesis of compounds with potential pesticidal or herbicidal properties. The compound’s stability and reactivity also make it suitable for use in material science, particularly in the development of novel polymers or coatings with specific properties.