This compound is primarily utilized in organic synthesis as a building block for the development of more complex molecules. It serves as an intermediate in the production of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that target specific biological pathways. Its cyclobutyl and oxo functional groups make it a valuable precursor in the creation of compounds with potential therapeutic properties, such as anti-inflammatory or anticancer agents. Additionally, it may be used in research and development for designing novel chemical entities with tailored properties for drug discovery programs. Its application extends to material science, where it can contribute to the synthesis of specialized polymers or coatings with unique characteristics.