Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system agents. Its structure supports the creation of bioactive molecules due to the steric bulk of the tert-butyl carbamate group, which can enhance metabolic stability. Commonly employed in medicinal chemistry for constructing complex cyclobutane-containing analogs with potential antipsychotic or antidepressant activity. Also utilized in research settings to explore structure-activity relationships in receptor ligand design.