Used as an intermediate in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in constructing complex molecules. Commonly employed in the preparation of cyclopropane-containing compounds, which are important motifs in drug design due to their metabolic stability and conformational rigidity. Also utilized in the synthesis of ester-based prodrugs to improve bioavailability. Suitable for use in peptide mimetics and as a building block in medicinal chemistry research.