Used in organic synthesis as a versatile building block for creating complex molecules, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of various active pharmaceutical ingredients (APIs) and fine chemicals. The oxetane ring in its structure is valuable for enhancing the metabolic stability and bioavailability of drug candidates. Additionally, it finds application in the development of polymers and coatings, where its unique structure contributes to improved material properties such as flexibility and durability. Its reactivity also makes it useful in research and development for exploring new chemical reactions and pathways.