This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various bioactive molecules. Its structure, featuring both oxetane and piperidine moieties, makes it valuable for designing drug candidates, particularly in the development of central nervous system (CNS) therapeutics and enzyme inhibitors. The oxetane ring enhances metabolic stability and solubility, while the piperidine scaffold is often employed for its pharmacological activity. It is also explored in medicinal chemistry for constructing compounds with potential antiviral, anticancer, or anti-inflammatory properties. Additionally, its tert-butyloxycarbonyl (Boc) protecting group facilitates selective reactions during multi-step synthetic processes.