This chemical is primarily utilized in organic synthesis as a versatile intermediate. It plays a significant role in the development of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic applications. Its structure allows it to act as a building block for more complex molecules, often contributing to the formation of amide bonds, which are crucial in drug design. Additionally, it is employed in research settings for the preparation of cyclopentyl-containing compounds, which are of interest due to their biological activity. Its application extends to the field of agrochemicals, where it may be used in the synthesis of pesticides or herbicides. Overall, it serves as a valuable tool in the creation of specialized chemical products.