Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure is particularly valuable in the development of complex molecules, where the cyclopentanone ring can be functionalized to create diverse chemical entities. Additionally, it finds application in the fragrance industry, where it contributes to the formulation of specific aromatic compounds, enhancing the scent profiles of perfumes and other olfactory products. Its versatility in chemical reactions makes it a useful component in research and industrial chemistry.