Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. Its structure allows for selective functionalization of the cyclopentene ring, making it valuable in building complex molecules. Commonly employed in the development of bioactive compounds where a protected amine group is required, enabling controlled deprotection and coupling reactions. Also utilized in medicinal chemistry for designing enzyme inhibitors and receptor ligands due to its conformational rigidity and stability under various reaction conditions.