This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals. Its structure, featuring a cyclobutane ring and a chlorophenyl group, makes it a valuable building block for developing compounds with potential biological activity. It is often employed in the synthesis of anti-inflammatory and analgesic drugs, where the chlorophenyl moiety contributes to the compound's efficacy by enhancing binding affinity to target proteins. Additionally, its carboxylic acid group allows for further functionalization, enabling the creation of esters, amides, and other derivatives that can be tailored for specific therapeutic applications. Researchers also explore its use in developing agrochemicals, particularly in designing herbicides and fungicides, due to its structural versatility and potential to disrupt biological processes in target organisms.