This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of biologically active molecules. Its structure, featuring both azetidine and piperidine rings, makes it a valuable intermediate in the creation of compounds targeting central nervous system disorders. It is often employed in the design of potential therapeutic agents for conditions such as anxiety, depression, and neurodegenerative diseases. Additionally, its functional groups allow for further chemical modifications, enabling researchers to explore a wide range of pharmacological activities. Its role in drug discovery highlights its importance in advancing medicinal chemistry.