3-Fluorooxetane-3-methanol is primarily utilized in the development of advanced polymers and resins, where its unique structure contributes to enhanced material properties such as increased chemical resistance and improved thermal stability. It is also employed in the synthesis of pharmaceuticals, particularly in the creation of novel drug candidates, where the fluorine atom can significantly alter the biological activity and metabolic stability of the compounds. Additionally, this chemical finds applications in organic synthesis as a building block for complex molecules, enabling the introduction of both fluorine and oxetane functionalities, which are valuable in fine chemical production.