This compound is primarily utilized in organic synthesis and pharmaceutical research as a versatile intermediate. It plays a crucial role in the development of complex molecules, particularly in the synthesis of biologically active compounds. Its structure, featuring both hydroxyl and aminoethyl groups, makes it valuable for constructing heterocyclic frameworks, which are often found in drug candidates. Additionally, it is employed in the preparation of compounds targeting neurological disorders, where the azetidine ring and functional groups contribute to binding affinity and selectivity. Its tert-butyl ester group also provides stability during synthetic processes, enabling efficient transformations in multi-step reactions.