Methyl cyclopentanecarboxylate is primarily used as a versatile intermediate in organic synthesis. It plays a significant role in the production of various pharmaceuticals, where it serves as a building block for active pharmaceutical ingredients (APIs). Additionally, it is utilized in the synthesis of fine chemicals and specialty compounds, particularly in the development of fragrances and flavors due to its ability to impart unique aromatic properties. In industrial applications, it is employed in the manufacture of polymers and resins, contributing to the creation of materials with specific performance characteristics. Its reactivity and structural properties make it valuable in research and development for designing and testing new chemical entities.