This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the preparation of complex molecules, particularly in the development of biologically active compounds. Its structure is valuable for constructing cyclopentane and pyrrolidine rings, which are common motifs in many drugs. The tert-butoxycarbonyl (Boc) protecting group ensures selective reactivity during multi-step synthesis, making it a crucial component in the production of peptides and other bioactive molecules. Additionally, its carboxylic acid functionality allows for further derivatization, enabling the creation of diverse chemical libraries for drug discovery and development.