Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) active compounds. Its structure supports the design of modulators targeting neurotransmitter receptors, including serotonin and dopamine pathways. Commonly employed in medicinal chemistry for constructing bioactive molecules due to the constrained cyclobutane scaffold, which enhances metabolic stability and target selectivity. Also utilized in the preparation of fluorinated analogs to improve blood-brain barrier penetration and pharmacokinetic profiles in drug candidates.