This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs), particularly those targeting neurological and psychiatric disorders. Its unique structure, featuring a cyclobutane ring and a fluorophenyl group, makes it valuable for designing molecules with specific binding affinities and metabolic stability. Researchers often employ it in the creation of novel compounds for potential use in treating conditions such as depression, anxiety, and other central nervous system-related ailments. Additionally, its application extends to organic synthesis, where it is used to construct complex molecules for further chemical exploration and drug discovery efforts.