Used in the synthesis of complex organic molecules, particularly in pharmaceutical research. It serves as a key intermediate in the preparation of azetidine-containing compounds, which are valuable in drug development. Its structure is often utilized in the construction of bioactive molecules, including potential treatments for neurological disorders and other therapeutic agents. The compound is also employed in peptide chemistry, where it aids in the modification and protection of amino acid derivatives during synthesis. Its versatility makes it a valuable tool in medicinal chemistry and organic synthesis.