(3-Aminooxetan-3-yl)methanol is primarily utilized in the field of medicinal chemistry as a versatile building block for the synthesis of various pharmaceutical compounds. Its unique structure, featuring both an amino group and a hydroxyl group attached to an oxetane ring, makes it a valuable intermediate in the development of drugs targeting a wide range of diseases.

One of its key applications is in the design of small molecule inhibitors, particularly for enzymes and proteins involved in cancer, inflammation, and infectious diseases. The oxetane ring in the molecule can enhance the metabolic stability and bioavailability of the resulting drug candidates, making it a preferred choice in drug discovery programs.

Additionally, this compound is employed in the synthesis of novel antibiotics and antiviral agents, where its functional groups allow for easy modification and optimization of biological activity. Its role in the development of prodrugs is also noteworthy, as it can be used to improve the delivery and efficacy of therapeutic agents.

In material science, (3-Aminooxetan-3-yl)methanol is explored for the creation of advanced polymers and coatings, leveraging its reactive sites to form cross-linked networks that enhance material properties such as durability and chemical resistance. Overall, its applications span across pharmaceuticals and materials, highlighting its importance in research and development.