This compound is primarily used in the synthesis of complex organic molecules, particularly in pharmaceutical research. It serves as a key intermediate in the production of chiral compounds, which are essential for developing drugs with specific stereochemical properties. The Boc (tert-butoxycarbonyl) protecting group ensures selective reactions during synthesis, making it valuable in peptide and small molecule drug development. Its cyclopentane structure is often incorporated into bioactive molecules, contributing to their stability and efficacy. Additionally, it is utilized in the preparation of enantiomerically pure substances, which are critical for studying biological interactions and optimizing therapeutic agents.