Used in organic synthesis as a key intermediate for the production of various pharmaceuticals and agrochemicals. It serves as a precursor in the synthesis of complex molecules, particularly in the development of drugs targeting neurological and metabolic disorders. Additionally, it is employed in the creation of flavoring agents and fragrances due to its ability to impart unique aromatic properties. In research, it is utilized in the study of cyclopentane derivatives and their biological activities. Its hydrate form ensures stability and ease of handling in laboratory and industrial processes.