This compound is primarily used in organic synthesis and pharmaceutical research. It serves as a key intermediate in the preparation of more complex molecules, particularly in the development of peptide-based drugs. The tert-butoxycarbonyl (Boc) protecting group is crucial for safeguarding the amino functionality during synthetic processes, allowing selective reactions to occur on other parts of the molecule. Its cyclopentene structure also makes it valuable in constructing cyclic compounds, which are often found in bioactive molecules. Additionally, it can be utilized in the synthesis of chiral compounds, aiding in the production of enantiomerically pure substances for medicinal applications.