This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various biologically active compounds. Its structure, featuring both an aminophenyl group and an azetidinol moiety, makes it valuable for developing drugs targeting neurological disorders, particularly those related to dopamine and serotonin pathways. It is also explored in the creation of potential antipsychotic and antidepressant medications due to its ability to interact with specific receptors in the brain. Additionally, it serves as a building block in organic synthesis for producing complex molecules with potential therapeutic applications.