Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of biologically active molecules targeting central nervous system disorders. Its strained azetidine ring enhances binding affinity in medicinal chemistry, making it valuable for constructing novel drug candidates. Commonly employed in alkylation and cross-coupling reactions to introduce the azetidine moiety into larger structures. Also utilized in the preparation of kinase inhibitors and receptor modulators due to its favorable pharmacokinetic properties.