Used as a key intermediate in organic synthesis, particularly in the pharmaceutical industry for constructing cyclobutane-based drug candidates. Its nitrile and ester functional groups allow for versatile transformations, such as hydrolysis, reduction, and cycloaddition reactions, enabling the development of complex molecules. Commonly employed in the synthesis of bioactive compounds and medicinal agents where strained ring systems enhance metabolic stability and binding affinity. Also utilized in agrochemical research for designing novel active ingredients with improved efficacy.