This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various biologically active molecules. Its structure, featuring a cyclobutyl ring and a bromophenyl group, makes it valuable for designing compounds that target specific receptors or enzymes in medicinal chemistry. It is often employed in the creation of potential drug candidates, particularly for central nervous system disorders, due to its ability to interact with neurotransmitter systems. Additionally, it serves as a building block in organic synthesis for constructing more complex molecules with therapeutic potential. Its applications also extend to material science, where it can be used in the development of advanced polymers or coatings with specialized properties.