Used as an intermediate in organic synthesis, particularly in the production of fragrances and flavoring agents. Its isomeric mixture provides a nuanced profile suitable for creating complex scent compositions in perfumery. Also employed in the preparation of specialty chemicals where a cyclopentyl backbone with specific substitution is required. Due to its alcohol functionality, it can undergo esterification, oxidation, and dehydration reactions, making it versatile in synthetic pathways. Limited use in pharmaceuticals as a building block for more complex molecules.