This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure, featuring a fluorophenyl group and a cyclobutane ring, makes it valuable for designing molecules with specific biological activities. It is often employed in the development of drugs targeting neurological disorders, such as anxiety and depression, due to its potential interaction with neurotransmitter receptors. Additionally, it serves as a building block in the creation of compounds with anti-inflammatory or analgesic properties. Its fluorine atom enhances metabolic stability and bioavailability, making it a preferred choice in drug discovery and optimization processes.