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 azetidine ring serves as a structural scaffold that enhances metabolic stability and influences pharmacokinetic properties in drug candidates. Commonly employed in medicinal chemistry for constructing peptidomimetics and enzyme inhibitors. Also utilized in the preparation of novel analogs for structure-activity relationship studies due to its constrained ring system and functional handle for further derivatization.