This chemical is primarily utilized in organic synthesis as a versatile intermediate. It plays a crucial role in the preparation of complex molecules, particularly in pharmaceutical research. Its structure, featuring both a carbamate group and a cyclopentenone moiety, makes it valuable for constructing biologically active compounds. It is often employed in the synthesis of drug candidates, especially those targeting enzyme inhibition or receptor modulation. Additionally, it can be used in the development of novel materials or agrochemicals due to its reactive functional groups, which allow for further chemical modifications. Its stability and reactivity make it a preferred choice in multi-step synthetic processes.