This chemical is primarily utilized in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of compounds targeting various therapeutic areas, such as cardiovascular diseases, central nervous system disorders, and anti-inflammatory treatments. Its structure, featuring a protected azetidine ring, is valuable in medicinal chemistry for designing molecules with enhanced bioavailability and specificity. Additionally, it is employed in peptide synthesis and as a building block for creating complex organic molecules in drug discovery and development processes. Its stability and reactivity make it a versatile component in organic synthesis and pharmaceutical research.