This chemical is primarily used in the synthesis of complex organic molecules, particularly in pharmaceutical research. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs) due to its unique cyclobutane structure, which can impart specific stereochemical properties to the final product. Its tert-butyl ester group provides stability during synthetic processes, making it suitable for multi-step reactions. Additionally, the acetyl moiety allows for further functionalization, enabling the creation of diverse compounds. It is often employed in the development of drugs targeting neurological disorders, inflammation, and other therapeutic areas where precise stereochemistry is critical for efficacy.