Used as an intermediate in organic synthesis, particularly in the production of fragrances and flavor compounds. Its structure allows for use in cyclization and condensation reactions, making it valuable in creating cyclic and unsaturated ester derivatives. Commonly employed in the synthesis of perfumes due to its ability to contribute fruity and floral notes. Also utilized in the development of pharmaceuticals where a cyclopentyl ring system is required, serving as a building block for more complex molecules. Its reactivity as an α,β-unsaturated ester makes it suitable for Michael addition reactions and other carbon-carbon bond-forming processes.