Used primarily as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) active compounds. Its structure supports the creation of potent receptor modulators, especially for targets related to neurological and psychiatric disorders. The compound's azetidine core and benzhydryl group contribute to blood-brain barrier penetration, making it valuable in designing drugs for conditions such as depression, anxiety, and cognitive disorders. It is also employed in medicinal chemistry research to explore structure-activity relationships in small molecule drug discovery.