This compound is primarily used in organic synthesis as a building block for the preparation of more complex molecules. It serves as a key intermediate in the synthesis of peptides and peptidomimetics, where the tert-butoxycarbonyl (Boc) group acts as a protective group for amines during chemical reactions. The cyclopentane ring structure provides a rigid framework, making it useful in the development of bioactive compounds, including pharmaceuticals and agrochemicals. Additionally, it is employed in the creation of chiral catalysts and ligands for asymmetric synthesis, aiding in the production of enantiomerically pure substances. Its stability and versatility make it a valuable tool in medicinal chemistry and drug discovery processes.