This compound is primarily utilized in the field of organic synthesis as a key intermediate for the production of various pharmaceuticals and agrochemicals. Its structure, featuring a cyclopropane ring and a chlorophenyl group, makes it a valuable building block for designing molecules with specific biological activities. It is often employed in the development of drugs targeting neurological disorders, such as anticonvulsants or antidepressants, due to its ability to interact with specific receptors in the brain. Additionally, its derivatives are explored for their potential use in crop protection agents, where they can act as inhibitors of certain enzymes or pathways in pests. The compound's unique stereochemistry also makes it a candidate for chiral synthesis, enabling the creation of enantiomerically pure substances for more targeted therapeutic applications.