This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its oxetane and piperidine moieties make it a valuable scaffold for developing compounds with potential therapeutic effects on the central nervous system. Researchers often explore its derivatives for their ability to modulate specific receptors or enzymes involved in disease pathways. Additionally, its structural features are leveraged in drug discovery programs to enhance pharmacokinetic properties, such as solubility and metabolic stability, of lead compounds.