This compound is widely used in organic synthesis, particularly in the development of pharmaceuticals and bioactive molecules. It serves as a versatile building block for constructing complex azetidine-containing structures, which are valuable in drug discovery due to their unique ring strain and conformational properties. The Boc (tert-butoxycarbonyl) protecting group ensures stability during synthetic transformations, while the iodomethyl moiety allows for further functionalization through cross-coupling reactions or nucleophilic substitutions. It is commonly employed in the synthesis of potential therapeutic agents, including enzyme inhibitors, receptor modulators, and other biologically active compounds. Additionally, its application extends to materials science, where it can be used to create specialized polymers or ligands for catalytic systems.