This chemical is primarily utilized in organic synthesis as an intermediate for the development of more complex compounds. It plays a significant role in the synthesis of pharmaceuticals, particularly in the creation of molecules with potential therapeutic effects. Its structure is often leveraged in the preparation of cyclopentane derivatives, which are valuable in medicinal chemistry for designing drugs targeting various diseases. Additionally, it is used in research settings to study reaction mechanisms and develop novel synthetic pathways. Its application extends to the field of agrochemicals, where it contributes to the development of new pesticides or herbicides.