目前 (mù qián) is a slightly formal way to say 'currently; at present', often used in writing or serious spoken contexts. It is less everyday than 现在 (xiàn zài) but more common than the even more formal 当前 (dāng qián, HSK5). Unlike 现状 (xiàn zhuàng, HSK5) which is a noun meaning 'current situation', 目前 functions as an adverb or time noun.