This compound is primarily utilized in the field of medicinal chemistry as an intermediate in the synthesis of various pharmaceutical agents. Its structure, featuring a chlorophenyl group and a hydroxycyclobutane ring, makes it a valuable building block for developing drugs with potential anti-inflammatory, analgesic, or antimicrobial properties. Researchers often explore its derivatives for their biological activity, particularly in targeting specific enzymes or receptors involved in disease pathways. Additionally, it may be used in the development of novel therapeutic compounds for treating conditions such as chronic pain or bacterial infections. Its unique chemical framework also allows for further modification, enabling the creation of more potent and selective drug candidates.