Used in organic synthesis as a versatile intermediate for the preparation of various cyclopropane-containing compounds. It is particularly valuable in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals. The compound's cyclopropane ring and functional groups allow for further chemical modifications, enabling the creation of complex molecules with potential biological activity. Additionally, it serves as a building block in the development of novel materials and catalysts. Its applications extend to research and development, where it is utilized to explore new chemical reactions and pathways.