Used primarily in organic synthesis, this compound serves as a versatile intermediate in the production of more complex molecules. Its structure, featuring a cyclobutane ring with a methoxy group and a carboxylic acid, makes it valuable in the development of pharmaceuticals, particularly in the creation of drug candidates with specific stereochemical properties. Additionally, it finds application in material science, where it contributes to the synthesis of polymers and fine chemicals with tailored properties. Its reactivity allows for modifications that can lead to the creation of novel compounds with potential applications in various industrial and research fields.