This chemical is primarily used as an intermediate in the synthesis of more complex organic compounds, particularly in pharmaceutical research and development. Its structure, featuring a cyclobutane ring and a tert-butoxycarbonyl (Boc) protecting group, makes it valuable for constructing molecules with specific stereochemistry. It is often employed in the preparation of drug candidates, especially those targeting neurological or metabolic disorders. The Boc group can be selectively removed under mild conditions, allowing for further functionalization of the molecule. Additionally, its rigid cyclobutane core is useful in studying conformational effects in medicinal chemistry.