Used in pharmaceutical research as a key intermediate in the synthesis of bioactive molecules, particularly in the development of central nervous system agents. Its azetidine core and benzhydryl group make it valuable for constructing compounds with potential antihistaminic, anticholinergic, or cognitive-enhancing properties. The ester functionality allows for further chemical modifications, enabling the creation of diverse compound libraries for drug discovery. It is also employed in the preparation of novel receptor ligands due to its structural similarity to known pharmacophores.