This chemical is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and specialty chemicals. Its structure, featuring a cyclopentane ring with a hydroxyl group and an isopropyl substituent, makes it a valuable building block in the creation of complex molecules. It is often employed in the development of compounds with potential biological activity, such as anti-inflammatory or antiviral agents. Additionally, it can be used in the synthesis of fragrances and flavors due to its ability to contribute to unique scent profiles. In research, it serves as a model compound for studying stereochemistry and reaction mechanisms in organic chemistry.