This compound is primarily utilized in the field of medicinal chemistry and pharmacology due to its structural properties, which make it a valuable intermediate in the synthesis of more complex molecules. It is often employed in the development of potential therapeutic agents, particularly those targeting the central nervous system. The benzocyclobutane moiety, combined with the methylamino group, allows for interactions with various biological targets, making it useful in the design of drugs for neurological disorders. Additionally, its unique structure can be leveraged in organic synthesis to create novel compounds with potential applications in drug discovery and development.