This chemical is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various bioactive compounds, particularly in the synthesis of cyclobutane-containing molecules. Its structure, featuring a cyclobutyl ring and a hydroxymethyl group, makes it valuable for constructing complex molecular frameworks. It is often employed in the preparation of drug candidates targeting neurological disorders, inflammation, and other therapeutic areas. Additionally, its carbamate group provides stability and versatility in chemical reactions, enabling its use in peptide coupling and protecting group strategies.