This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of drugs targeting neurological and cardiovascular conditions. Its structure, featuring a cyclopentyl ring and a carbamate group, makes it a valuable building block in organic synthesis. It is often employed in the preparation of chiral molecules, where its stereochemistry plays a crucial role in achieving the desired biological activity. Additionally, it is used in research settings to study enzyme interactions and receptor binding, aiding in the discovery of new therapeutic agents. Its stability and reactivity also make it suitable for use in peptide coupling reactions and as a protective group in complex organic transformations.