This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its structure, featuring a cyclobutane ring with both amino and hydroxyl groups, makes it a valuable building block for creating molecules with potential therapeutic properties. It is often employed in the design of small-molecule inhibitors, enzyme modulators, and receptor ligands, especially in the fields of oncology, neurology, and infectious diseases. Additionally, its hydrochloride salt form enhances solubility, facilitating its use in various experimental and formulation processes. Researchers also explore its role in peptide mimetics and as a chiral intermediate in asymmetric synthesis, contributing to the development of more effective and targeted medications.