Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the creation of azetidine-containing compounds, which are often explored for their potential therapeutic properties. Researchers utilize it in the design and production of drug candidates targeting neurological disorders, inflammation, and other medical conditions. Additionally, it finds application in organic synthesis, where it contributes to the development of novel chemical entities with potential industrial or medicinal uses.