This compound is primarily used in the synthesis of complex organic molecules, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of various drugs, including antiviral and anticancer agents. Its structure, featuring a cyclopentane ring and protective groups, makes it valuable for constructing specific chiral centers and maintaining stereochemistry during multi-step synthetic processes. Additionally, it is employed in peptide synthesis, where the tert-butoxycarbonyl (Boc) group acts as a protective moiety for amino functionalities, ensuring selective reactions in the formation of peptide bonds. Its versatility and stability make it a crucial component in medicinal chemistry and organic synthesis.