This compound is primarily utilized in pharmaceutical research and development as a versatile building block for the synthesis of various bioactive molecules. Its unique structure, featuring an oxetane ring and an amine group, makes it valuable in designing drug candidates with improved metabolic stability and bioavailability. It is often incorporated into molecules targeting neurological disorders, cancer, and infectious diseases. Additionally, it serves as a key intermediate in the production of agrochemicals, contributing to the development of novel pesticides and herbicides. Its applications also extend to material science, where it is used in the synthesis of polymers and coatings with enhanced properties.