This compound is primarily utilized in the field of organic synthesis, particularly as an intermediate in the development of pharmaceuticals. Its unique structure, featuring a fluorophenyl group and a cyclobutane ring, makes it valuable for constructing more complex molecules. It is often employed in the synthesis of potential drug candidates, especially those targeting neurological disorders or cancer, due to its ability to influence biological activity. Additionally, its nitrile group provides a reactive site for further chemical modifications, enabling the creation of diverse derivatives for research and development purposes.