Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system agents and anti-inflammatory drugs. Its structure allows for the formation of bioactive molecules through functional group modifications. Commonly employed in medicinal chemistry for constructing cyclopentyl-substituted aromatic amines, which are found in several drug candidates targeting neurological disorders. Also utilized in the preparation of agrochemicals and specialty polymers due to its stability and reactivity profile in coupling reactions.