This chemical is primarily used in organic synthesis, particularly in the preparation of complex molecules. It serves as a key intermediate in the development of pharmaceuticals, where it is often employed in the construction of cyclobutane-containing compounds. The tert-butoxycarbonyl (Boc) protecting group in the molecule allows for selective reactions, making it valuable in peptide synthesis and other multi-step organic transformations. Additionally, it is utilized in research settings for exploring new drug candidates, especially those targeting specific biological pathways or receptors. Its cyclobutane ring structure is of interest in medicinal chemistry due to its unique conformational properties, which can influence the activity and stability of potential drug molecules.