This compound is primarily utilized in the field of medicinal chemistry as an intermediate in the synthesis of more complex pharmaceutical agents. Its structure, featuring a cyclobutyl group and a phenylmethyl ester, makes it a valuable building block for developing drugs that target specific biological pathways. It is often employed in the creation of compounds with potential therapeutic effects, particularly in areas such as enzyme inhibition or receptor modulation. Additionally, it may be used in research settings to explore new chemical entities for treating diseases or understanding biochemical processes. Its ester functionality also allows for further chemical modifications, enabling the development of tailored molecules for specific applications.