Used primarily as an intermediate in organic synthesis, this compound plays a key role in the development of pharmaceuticals. It is involved in the preparation of bioactive molecules, particularly in the design of enzyme inhibitors and central nervous system agents. Due to the conformational rigidity provided by the cyclopentane ring, it enhances the stability and selectivity of drug candidates. It is also utilized in the synthesis of agrochemicals and specialty polymers where specific steric and electronic properties are required. Its amide functionality allows for hydrogen bonding, making it valuable in the optimization of ligand-receptor interactions in medicinal chemistry.