Used primarily in organic synthesis, it serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows for the creation of complex molecules, particularly in the development of compounds with cyclopropane rings, which are known for their biological activity. Additionally, it is employed in research settings to study reaction mechanisms and develop new synthetic pathways. Its application extends to the field of materials science, where it contributes to the design of novel polymers with specific properties.