This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various pharmaceuticals. Its structure is particularly valuable in the development of drugs targeting the central nervous system, including potential treatments for neurological disorders such as Alzheimer's disease and Parkinson's disease. Additionally, it has been explored for its role in the creation of antihistamines and anti-inflammatory agents, leveraging its unique azetidinyl and diphenylmethyl groups to enhance binding affinity and therapeutic efficacy. Researchers also investigate its potential in the design of novel compounds for managing pain and other conditions related to neurotransmitter modulation.