This chemical is primarily used in organic synthesis as a versatile intermediate for the development of more complex molecules. Its structure, featuring a cyclobutyl ring and a carbamate group, makes it valuable in pharmaceutical research, particularly in the design and synthesis of drug candidates. It is often employed in the preparation of compounds with potential biological activity, such as enzyme inhibitors or receptor modulators. Additionally, its reactive functional groups allow for further chemical modifications, enabling the creation of diverse derivatives for various applications in medicinal chemistry and material science.