Used in organic synthesis as a building block for more complex molecules, particularly in the development of pharmaceuticals and agrochemicals. It serves as an intermediate in the production of fine chemicals, contributing to the creation of compounds with potential therapeutic or pesticidal properties. Its unique cyclobutane structure can be leveraged to introduce specific steric and electronic properties into target molecules, enhancing their biological activity or stability. Additionally, it may be utilized in research and development for exploring novel chemical reactions and pathways.