This chemical is primarily utilized in the pharmaceutical and organic synthesis industries. It serves as a key intermediate in the development of complex molecules, particularly in the synthesis of active pharmaceutical ingredients (APIs). Its structure is valuable for constructing cyclopentane and pyrrolidine rings, which are common motifs in drug design. The compound is often employed in the preparation of potential therapeutic agents, including those targeting neurological disorders or inflammation. Its stability and reactivity make it suitable for use in multi-step synthetic processes, enabling the creation of diverse biologically active compounds.