Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and biologically active compounds. Its structure allows for further functionalization, making it valuable in the development of cyclic derivatives with potential therapeutic properties. Commonly employed in the synthesis of protease inhibitors and central nervous system agents due to the presence of the cyclopentanone and carbamate moieties. Also utilized in medicinal chemistry for constructing constrained peptidomimetics and kinase inhibitors.