This chemical is primarily utilized in the synthesis of complex organic compounds, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of various active pharmaceutical ingredients (APIs), especially those targeting neurological and cardiovascular disorders. Its unique cyclobutane structure makes it valuable for creating molecules with specific stereochemistry, which is crucial for drug efficacy. Additionally, it is employed in research and development for designing novel therapeutic agents, leveraging its structural properties to enhance drug stability and bioavailability.