This compound is primarily utilized in the synthesis of complex organic molecules, particularly in pharmaceutical research. It serves as a key intermediate in the development of active pharmaceutical ingredients (APIs), especially those targeting neurological and inflammatory disorders. Its structural framework is valuable in constructing cyclopentane and pyrrolidine rings, which are common motifs in drug design. Additionally, it is employed in asymmetric synthesis to create chiral centers, enhancing the specificity and efficacy of therapeutic agents. The compound’s stability and reactivity make it a versatile tool in medicinal chemistry for optimizing drug candidates.