This chemical is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various bioactive compounds, particularly those targeting neurological and psychiatric disorders. Its structural framework is valuable for creating molecules with potential therapeutic effects, such as antidepressants or anxiolytics. Additionally, it is explored in the synthesis of agrochemicals, where it may contribute to the development of novel pesticides or herbicides. Its unique cyclopropane ring structure also makes it a subject of interest in material science for designing advanced polymers or coatings with specific properties.