This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of drugs targeting central nervous system disorders, including antipsychotic and antidepressant medications. Its unique structure allows for the introduction of the azetidine ring, which is known to enhance the biological activity and selectivity of therapeutic agents. Additionally, it is employed in organic synthesis for the preparation of complex molecules with potential applications in medicinal chemistry and drug discovery. Its reactivity and functional groups make it valuable for constructing diverse chemical scaffolds in research and industrial settings.