Used as a key intermediate in the synthesis of non-steroidal anti-inflammatory drugs (NSAIDs), particularly in the development of profen-class analgesics. Its cyclopropane structure provides conformational rigidity, enhancing binding selectivity to COX enzymes. Also employed in the preparation of chiral ligands for asymmetric catalysis due to its stereochemical stability. Shows utility in agrochemical formulations for improving metabolic stability in plant growth regulators.