This chemical is primarily utilized in organic synthesis, particularly in the development of complex molecular structures. It serves as a key intermediate in the production of pharmaceuticals, where its ethynyl group enables versatile reactions, such as cycloadditions and coupling reactions, to construct bioactive compounds. Additionally, it is employed in materials science for the synthesis of specialized polymers and coatings, leveraging its reactive alkyne functionality to enhance material properties. Its cyclopentane ring also makes it a valuable building block in the creation of natural product analogs and fine chemicals.