This compound is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly those targeting neurological and inflammatory disorders. Its structure, featuring an azetidine ring, a formyl group, and a carboxylic acid moiety, makes it a versatile building block for constructing complex drug candidates. Researchers often employ it in the synthesis of small molecule inhibitors and modulators of specific enzymes or receptors. Additionally, it is used in the preparation of peptide mimetics, which are valuable in drug discovery for mimicking peptide structures with enhanced stability and bioavailability. Its applications extend to material science, where it can be incorporated into polymers or coatings to impart specific functional properties.