This compound is primarily utilized in organic synthesis as an intermediate for the preparation of more complex molecules. Its structure, featuring both azetidine and ester functional groups, makes it valuable in the development of pharmaceuticals, particularly in the synthesis of bioactive compounds. The tert-butyl group provides steric protection, allowing selective reactions at other sites of the molecule. It is often employed in the construction of nitrogen-containing heterocycles, which are common motifs in drug discovery. Additionally, the ethoxy group can be hydrolyzed or transformed, enabling further functionalization for tailored applications in medicinal chemistry.