Used primarily as an intermediate in organic synthesis, this compound plays a key role in the preparation of prostaglandins and other biologically active molecules. Its cyclic structure allows for selective ring-opening reactions, making it valuable in constructing complex molecular frameworks. It is also employed in the synthesis of pharmaceuticals and fine chemicals where controlled functionalization of carbon chains is required. The compound’s stability and reactivity profile make it suitable for multi-step synthetic routes, particularly in medicinal chemistry and natural product synthesis.