This chemical is primarily utilized in organic synthesis as a building block for the preparation of more complex molecules. It is often employed in the development of pharmaceuticals, where the cyclobutyl ring structure and the iodine substituent offer unique reactivity for coupling reactions. The tert-butyl carbamate group serves as a protective group for amines, allowing selective modification of other functional groups in the molecule. Additionally, it is used in medicinal chemistry research to explore novel drug candidates, particularly those targeting enzymes or receptors where the cyclobutyl moiety can enhance binding affinity or metabolic stability. Its applications also extend to material science, where it can be incorporated into polymers or advanced materials to impart specific properties.