This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various biologically active molecules. Its structure, featuring both azetidine and tert-butyl carboxylate groups, makes it valuable for constructing complex drug candidates, particularly in the design of protease inhibitors and other therapeutic agents targeting enzymatic pathways. It is also employed in the preparation of compounds for studying neurological disorders and cardiovascular diseases due to its ability to modulate specific receptors and enzymes. Additionally, its stability and reactivity make it a suitable building block in medicinal chemistry for optimizing drug efficacy and pharmacokinetic properties.