This compound is primarily utilized in the pharmaceutical and chemical research sectors. It serves as an intermediate in the synthesis of more complex molecules, particularly in the development of drugs targeting the central nervous system. Its structure, featuring an azetidine ring and benzhydryl group, makes it valuable for creating compounds with potential therapeutic effects. Researchers often employ it in medicinal chemistry to explore new pharmacologically active agents, especially those interacting with receptors or enzymes in the brain. Additionally, it may be used in the preparation of prodrugs or ligands for biological studies, aiding in the discovery of treatments for neurological disorders.