This chemical is primarily used in organic synthesis as a versatile intermediate for the preparation of more complex molecules. It is particularly valuable in the development of pharmaceuticals, where its azetidine and ester functional groups allow for further chemical modifications. The compound is often employed in the synthesis of biologically active compounds, including potential drug candidates targeting various diseases. Its structure is suitable for creating peptidomimetics, which are compounds that mimic peptides and are used in drug discovery. Additionally, it can serve as a building block in the production of agrochemicals and other fine chemicals, contributing to the development of new products in these fields.