This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its structure, featuring a phenoxy group attached to an azetidine ring, makes it a valuable intermediate in the creation of molecules targeting central nervous system disorders. Researchers explore its potential in modulating neurotransmitter activity, which could lead to treatments for conditions like anxiety, depression, and chronic pain. Additionally, its hydrochloride salt form enhances solubility, making it more suitable for use in various experimental and formulation processes. The compound's versatility also extends to agrochemical research, where it may be investigated for developing new pesticides or herbicides with improved efficacy and safety profiles.