This chemical is primarily utilized in organic synthesis as a versatile intermediate. It is often employed in the construction of complex cyclopentane derivatives, which are valuable in the development of pharmaceuticals and agrochemicals. Its reactive chloro and ester functional groups make it a useful building block for cyclization reactions and further functionalization. Additionally, it finds application in the synthesis of fine chemicals and specialty materials, where its unique structure contributes to the creation of compounds with specific biological or physical properties.