Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system (CNS) agents. Its structure supports the creation of bioactive molecules due to the rigid cyclobutane ring and the electron-donating methoxy group, which can influence binding affinity and metabolic stability. Commonly employed in medicinal chemistry for optimizing drug candidates targeting neurological disorders. Also utilized in the preparation of analogs for structure-activity relationship (SAR) studies.