Used primarily as a key intermediate in the synthesis of pharmaceutical compounds with bioactive properties, particularly those featuring cyclobutyl structures and aniline derivatives. It holds potential for development into medical agents such as antidepressants, antipsychotics, or analgesics. However, it is not yet used in commercial or direct medical applications and is mainly confined to laboratory research. Its structural features make it valuable in medicinal chemistry for constructing complex molecules, and it is employed in research settings to explore new bioactive compounds due to its stability and reactivity in various chemical transformations.