This chemical is primarily utilized in organic synthesis as a versatile building block for the preparation of complex molecules. It is often employed in the synthesis of chiral compounds due to its stereochemical properties, making it valuable in the production of pharmaceuticals and fine chemicals. The aziridine ring in the compound is reactive, allowing it to participate in ring-opening reactions, which are useful for creating amines, amino acids, and other nitrogen-containing structures. Additionally, it serves as a precursor in the development of biologically active compounds, including potential drug candidates, by enabling the introduction of functional groups in a controlled manner. Its stability and reactivity make it a useful reagent in asymmetric synthesis and medicinal chemistry research.