This compound is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate for the construction of more complex molecules. Its structure, featuring both an amino group and a hydroxyl group attached to a cyclobutane ring, makes it valuable for the development of pharmaceuticals, particularly in the synthesis of bioactive compounds and drug candidates. The phenyl group enhances its potential for interactions with aromatic systems in target molecules, which is beneficial in medicinal chemistry. Additionally, it can be employed in the preparation of chiral ligands or catalysts used in asymmetric synthesis, aiding in the production of enantiomerically pure substances. Its unique structure also allows for exploration in material science, particularly in the design of novel polymers or functionalized materials.