Understanding the reactivities of methylcyclopentadiene and the methylcyclopentadienyl radical is important in order to improve our comprehension of the chemical kinetics leading to the formation, decomposition, and growth of the first aromatic ring, as it has been shown that five-membered-ring species are important intermediates in the reaction kinetics of aromatic species. In this work, the rate constants of some key H-abstraction reactions from methylcyclopentadiene to produce the methylcyclopentadienyl radical and the formation of fulvene and benzene from the latter are theoretically determined. Rate constants are evaluated using the ab initio transition state theory-based master equation approach, determining structures and Hessians of all stationary points at the ωB97X-D/aug-cc-pVTZ level, energies at the CCSD(T) level extrapolated to the complete basis set limit, RRKM rate constants using conventional and variational transition state theory, and phenomenological rate constants through the solution of the one-dimensional master equation. Variational corrections are determined in both internal and Cartesian coordinates, and it is found that the choice of the coordinate system can impact the accuracy of the calculated rate constants by up to a factor of 4 for H-abstraction reactions and 2 for the unimolecular decomposition of the methylcyclopentadienyl radical. The calculated rate constants are in good agreement with the available literature data. Prompt dissociation of methylcyclopentadienyl radicals accessed following H-abstraction from methylcyclopentadiene was also investigated, and the corresponding rate constants were determined; the results show that prompt dissociation plays a key role under combustion conditions. Finally, lumping of theoretically derived rate constants to account for methylcyclopentadiene ⇄ methylcyclopentadienyl tautomerism allowed the derivation of a simplified set of rate constants suitable to be inserted into kinetic mechanisms.