This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of biologically active molecules, particularly those targeting specific receptors or enzymes in the body. Its structure, featuring an azetidine ring and a pyrazole moiety, makes it a valuable scaffold for designing compounds with potential therapeutic applications. Researchers often explore its use in the development of drugs for neurological disorders, inflammation, or cancer due to its ability to interact with various biological targets. Additionally, it is employed in the optimization of drug candidates to enhance their pharmacokinetic properties, such as bioavailability and metabolic stability.