This chemical is primarily utilized in organic synthesis, particularly in the preparation of complex molecules. It serves as a key intermediate in the development of pharmaceuticals, where it is often employed in the construction of cyclopentyl-based structures. Its functional groups, including the cyano and carbamate moieties, make it versatile for various chemical transformations, such as nucleophilic substitution and coupling reactions. Additionally, it finds application in the synthesis of peptidomimetics and bioactive compounds, contributing to drug discovery and medicinal chemistry research. Its stability and reactivity profile make it a valuable building block for creating novel therapeutic agents.