Used primarily as an intermediate in organic synthesis, this compound plays a key role in the preparation of fragrances and flavoring agents due to its aldehyde functional group and cyclic structure. Its reactivity allows for transformations into alcohols, carboxylic acids, or imines, making it valuable in the development of pharmaceuticals and agrochemicals. The methyl-substituted cyclopentane backbone also makes it useful in constructing complex molecules where steric and conformational properties are important. Additionally, it may serve as a building block in the synthesis of specialty polymers or functional materials requiring rigid aliphatic components.