This chemical is primarily utilized in the synthesis of various organic compounds, particularly in the field of fine chemicals and pharmaceuticals. It serves as a key intermediate in the production of complex molecules, often contributing to the development of active pharmaceutical ingredients (APIs). Its structure, featuring a cyclopentyl group and an acrylate moiety, makes it suitable for use in polymerization processes, where it can be incorporated into polymers to modify their properties, such as flexibility, durability, or reactivity. Additionally, it is employed in the creation of specialty chemicals used in fragrances and flavors, where its unique structure can impart specific olfactory or taste characteristics. In research and development, it is often used as a building block in organic synthesis to explore new chemical reactions or to create novel compounds with potential applications in material science or medicinal chemistry.