Used primarily in organic synthesis, it serves as a versatile building block for creating complex molecules. It is particularly valuable in the development of pharmaceuticals, where it acts as an intermediate for drugs targeting various therapeutic areas. Additionally, it is employed in polymer chemistry to modify and enhance the properties of materials, such as improving thermal stability or introducing functional groups. Its oxetane ring structure also makes it useful in crosslinking reactions, contributing to the production of durable coatings and adhesives.