Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. Its structure is valuable for constructing azetidine rings, which are important in drug development due to their bioactivity. It is often employed in the synthesis of beta-lactam antibiotics and other medicinal compounds targeting neurological and cardiovascular diseases. Additionally, it finds application in research settings for studying enzyme inhibition and receptor interactions, aiding in the discovery of new therapeutic agents.