Used as an intermediate in the synthesis of pharmaceuticals, particularly in the preparation of cyclopropyl-containing bioactive molecules. It serves as a building block in medicinal chemistry due to the presence of the cyclopropyl group, which can enhance metabolic stability and binding affinity in drug candidates. Also employed in agrochemical research for developing novel pesticides and herbicides. Its reactivity allows for derivatization into heterocyclic compounds, making it valuable in the design of new functional materials and catalysts.