This compound is primarily utilized in organic synthesis as a building block for more complex molecules. It is often employed in the preparation of pharmaceuticals, particularly in the development of drugs that target neurological disorders or metabolic diseases. Its cyclobutyl ring structure makes it a valuable intermediate in the synthesis of cyclobutane-containing compounds, which are of interest due to their unique chemical and biological properties. Additionally, it is used in research settings to study ring strain and reactivity in small-ring systems, contributing to advancements in synthetic organic chemistry.