Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) active compounds. Its structural features make it valuable in constructing beta-lactam analogs and azetidine-based scaffolds, which are increasingly explored for their metabolic stability and conformational rigidity in drug design. Commonly employed in medicinal chemistry for optimizing pharmacokinetic properties, especially in improving oral bioavailability and enhancing target selectivity. Also utilized in the preparation of protease inhibitors and receptor modulators due to the ability of the azetidine ring to mimic peptide bonds while resisting enzymatic degradation.