Used primarily as an intermediate in organic synthesis, this compound serves in the development of pharmaceuticals and biologically active molecules. Its structure supports the creation of chiral building blocks useful in drug design, particularly in the synthesis of central nervous system agents. The amine functionality, combined with the constrained cyclopentane ring, makes it valuable for modifying solubility and bioavailability in medicinal chemistry applications. It is also employed in the preparation of catalysts and ligands for asymmetric reactions.