This compound is primarily utilized in organic synthesis as a versatile intermediate for the construction of complex molecules. Its structure, featuring an azetidinone ring and an iodomethyl group, makes it a valuable building block in the development of pharmaceuticals, particularly in the synthesis of β-lactam antibiotics and other bioactive compounds. The reactive iodine atom allows for further functionalization through cross-coupling reactions, enabling the creation of diverse chemical structures. Additionally, it serves as a key precursor in the preparation of heterocyclic compounds, which are often explored for their potential therapeutic applications. Its utility in medicinal chemistry and drug discovery highlights its importance in the development of novel treatments.