This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly significant in the development of beta-lactam antibiotics, where its structure is modified to enhance antibacterial properties. Additionally, it finds application in the research and development of new drugs targeting neurological disorders, owing to its potential interaction with specific receptors in the brain. Its unique azetidine ring structure also makes it a valuable component in the creation of novel therapeutic agents for inflammatory and autoimmune diseases.