This compound is primarily used in the synthesis of various pharmaceuticals and fine chemicals due to its chiral structure and functional groups. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs), particularly in the development of drugs targeting central nervous system disorders. Its cyclopentane ring and ester group make it a versatile building block for creating complex molecules with specific biological activities. Additionally, it is employed in organic synthesis for constructing chiral compounds, enabling the production of enantiomerically pure substances. Its applications also extend to the field of agrochemicals, where it is utilized in the development of pesticides and herbicides with enhanced efficacy.