This chemical is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug compounds. It serves as a key intermediate in the creation of molecules targeting neurological and psychiatric disorders, such as anxiety, depression, and schizophrenia. Its structure, featuring both piperidine and azetidine rings, makes it valuable for modulating receptor activity in the central nervous system. Additionally, it is employed in medicinal chemistry to enhance the bioavailability and metabolic stability of potential therapeutic agents. Its role in the development of selective enzyme inhibitors and receptor modulators highlights its significance in advancing drug discovery efforts.