This compound is primarily utilized in organic synthesis and medicinal chemistry as a versatile building block. Its structure, featuring both an azetidine ring and a pyrazole moiety, makes it valuable for constructing complex molecules, particularly in drug discovery. The iodine atom on the pyrazole ring allows for further functionalization through cross-coupling reactions, such as Suzuki or Sonogashira couplings, enabling the creation of diverse chemical libraries. The tert-butyl carbamate group serves as a protective group for the azetidine nitrogen, ensuring selective reactivity during multi-step synthetic processes. This compound is often employed in the development of biologically active molecules, including potential pharmaceuticals targeting various diseases, due to its ability to modulate molecular interactions and enhance drug-like properties.