Used as a key intermediate in organic synthesis, particularly in the development of pharmaceuticals and functional materials. Its rigid cyclobutane backbone and reactive enone groups allow for selective transformations, making it valuable in constructing complex molecular architectures. Commonly employed in cycloaddition reactions and as a building block for bioactive molecules, including potential antiviral and anticancer agents. Also finds use in materials science for designing conjugated systems in organic electronics due to its planar and electronically active structure.