Used in organic synthesis as an intermediate for pharmaceuticals and biologically active compounds. The strained cyclopropane ring combined with the amide and acetyl groups allows for selective transformations in medicinal chemistry. It serves as a building block in the development of enzyme inhibitors and receptor modulators. Its structure mimics peptide bonds with conformational restraint, making it valuable in designing protease inhibitors and CNS-active agents. Also employed in the synthesis of cyclopropane-containing analogs to improve metabolic stability and bioavailability in drug candidates.