This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various therapeutic agents. Its unique structure, featuring a benzhydryl group and an azetidine ring, makes it valuable in the development of compounds targeting central nervous system disorders. It is often employed in the creation of potential drugs for treating conditions such as anxiety, depression, and other neurological ailments. Additionally, its application extends to research settings, where it is used to study receptor interactions and develop novel bioactive molecules with enhanced efficacy and selectivity.