This chemical is primarily utilized in organic synthesis as a versatile building block for the development of complex molecules. Its structure, featuring both a benzyl group and a reactive azetidine ring, makes it valuable in the preparation of pharmaceutical intermediates. It is particularly useful in the synthesis of compounds with potential biological activity, such as inhibitors or modulators of enzymes and receptors. Additionally, its reactive methylene group allows for further functionalization, enabling the creation of diverse chemical libraries for drug discovery and medicinal chemistry research.