Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system (CNS) agents. Its structural features make it valuable in medicinal chemistry for designing dopamine and serotonin receptor modulators. Commonly employed in research settings to explore new bioactive molecules, especially those targeting neurological disorders such as depression, anxiety, and Parkinson’s disease. Also utilized in the preparation of analogs for structure-activity relationship (SAR) studies due to its rigid cyclobutane backbone and functionalized aromatic ring.