Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. It plays a role in the development of compounds with potential biological activity, such as inhibitors or modulators of specific enzymes or receptors. Its structure is valuable in constructing cyclopropyl-containing molecules, which are often explored for their unique reactivity and stability in drug design. Additionally, it can be employed in the synthesis of hydrazine derivatives, which are useful in various chemical transformations and medicinal chemistry applications.