Widely used in organic synthesis as a key intermediate for the production of various pharmaceuticals, agrochemicals, and fine chemicals. It serves as a building block in the synthesis of complex molecules, particularly in the development of compounds with biological activity. Its structure is valuable in the creation of cyclopentane-based frameworks, which are common in many natural products and active pharmaceutical ingredients. Additionally, it is utilized in fragrance and flavor industries due to its ability to contribute to unique aromatic profiles. Its reactivity also makes it useful in research and development for exploring new chemical pathways and reactions.