This compound is primarily utilized in the synthesis of pharmaceuticals, particularly in the development of beta-lactam antibiotics and other biologically active molecules. Its unique structure, featuring both an oxetane ring and an aminomethyl group, makes it a valuable building block in medicinal chemistry. It is often employed to enhance the pharmacokinetic properties of drug candidates, such as improving solubility and metabolic stability. Additionally, it serves as a key intermediate in the production of compounds targeting neurological disorders and infectious diseases. Its versatility also extends to agrochemical research, where it is used to develop novel pesticides and herbicides with improved efficacy and safety profiles.