This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly in the development of chiral drugs. Its structure, featuring a cyclopentane ring with a ketone and carboxylic acid group, makes it a valuable intermediate in organic synthesis. It is often employed in the production of prostaglandins and other biologically active molecules, where its stereochemistry plays a crucial role in ensuring the desired biological activity. Additionally, it serves as a building block in the creation of complex natural products and fine chemicals, contributing to advancements in medicinal chemistry and drug discovery.