Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the synthesis of complex organic molecules, particularly in pharmaceutical and agrochemical research. Its boron-containing moiety facilitates carbon-carbon bond formation under mild conditions, making it valuable in the development of bioactive compounds and heterocyclic systems. The tert-butyl carbamate (Boc) group stabilizes the azetidine ring during transformations and allows for selective deprotection, supporting stepwise synthesis in drug discovery.