This compound is primarily utilized in organic synthesis as an intermediate for the production of various fine chemicals and pharmaceuticals. Its structure, featuring a cyclopentyl group, makes it valuable in the design of molecules with specific steric and electronic properties. It is often employed in the development of active pharmaceutical ingredients (APIs) where the cyclopentyl moiety can enhance binding affinity or modify pharmacokinetic properties. Additionally, it serves as a building block in the synthesis of complex organic compounds, including agrochemicals and specialty chemicals. Its applications also extend to research and development, where it is used to explore novel chemical reactions and pathways.