This chemical is primarily utilized in the field of organic synthesis, particularly in the development of pharmaceuticals. It serves as a versatile intermediate for constructing complex molecular structures, especially in the synthesis of azetidine-containing compounds. Its functional groups, including the cyano and carboxylate moieties, make it valuable for further chemical modifications, enabling the creation of biologically active molecules. It is often employed in the design of drug candidates targeting various therapeutic areas, such as central nervous system disorders, due to the azetidine ring's potential to enhance drug-like properties. Additionally, it is used in research settings for exploring new chemical reactions and pathways in medicinal chemistry.