This compound is primarily utilized in the field of medicinal chemistry as a building block for the synthesis of various pharmaceuticals. Its unique cyclobutane ring structure makes it a valuable intermediate in the development of drugs targeting neurological disorders, as it can mimic certain natural amino acids and influence neurotransmitter activity. Additionally, it is employed in peptide synthesis to create novel peptide-based therapeutics, leveraging its ability to introduce conformational constraints that enhance biological activity and stability. Researchers also explore its potential in designing enzyme inhibitors, particularly for enzymes involved in metabolic pathways, due to its structural rigidity and functional groups that can interact with active sites.