Used as an intermediate in pharmaceutical synthesis, particularly in the development of active pharmaceutical ingredients (APIs) where its azetidine ring contributes to metabolic stability and improved pharmacokinetic properties. Its hydroxyl group allows for easy functionalization, making it valuable in constructing complex molecules for drug discovery. Also employed in the preparation of kinase inhibitors and central nervous system agents due to its favorable polarity and ring strain characteristics. Additionally, it serves as a building block in agrochemicals and specialty polymers where small, rigid heterocyclic amines enhance performance.