This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various bioactive molecules and drug candidates. Its unique cyclobutane structure, combined with functional groups like ester and amine, makes it valuable for constructing complex chemical architectures. Researchers often employ it in the design of compounds targeting neurological disorders, as it can mimic certain natural neurotransmitter structures. Additionally, its hydrochloride form enhances solubility, making it more suitable for use in aqueous reaction environments. The compound is also explored in medicinal chemistry for its potential in creating novel therapeutic agents with improved efficacy and reduced side effects.