This compound is widely used in organic synthesis, particularly in peptide chemistry. It serves as a protected intermediate for the introduction of cyclopentane-based amino acids into peptide chains. The Boc (tert-butoxycarbonyl) group provides stability during synthetic processes, allowing for selective deprotection when needed. It is also employed in the development of pharmaceutical compounds, where the cyclopentane ring structure can enhance biological activity or modify pharmacokinetic properties. Additionally, it finds applications in the preparation of chiral building blocks for asymmetric synthesis, contributing to the creation of complex molecules in medicinal chemistry.