This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its unique structure, featuring a cyclobutane ring, a 4-chlorophenyl group, a hydroxy group, and a carboxylic acid group, makes it valuable for developing drugs targeting specific biological pathways. It is often employed in the production of anti-inflammatory and analgesic medications, where its properties help enhance the efficacy and stability of the final drug product. Additionally, its chiral nature allows for the creation of enantiomerically pure compounds, which are crucial for reducing side effects and improving therapeutic outcomes. Researchers also explore its potential in designing novel compounds for treating neurological disorders due to its ability to interact with specific receptors in the central nervous system.