Used in pharmaceutical research as a building block for the synthesis of complex molecules, particularly in the development of drugs targeting central nervous system disorders. Its oxetane ring structure provides stability and influences the pharmacokinetic properties of the resulting compounds. Often employed in the creation of small molecule inhibitors and modulators for enzymes and receptors. Also utilized in medicinal chemistry to enhance drug-like properties such as solubility and metabolic stability. Plays a role in the design of novel therapeutics for conditions like cancer, inflammation, and infectious diseases.