This compound is primarily utilized in organic synthesis as a building block for the development of more complex molecules. It serves as a key intermediate in the preparation of pharmaceutical compounds, particularly those targeting neurological and cardiovascular diseases. Its structure, featuring both an azetidine ring and a tert-butyl ester group, makes it valuable for creating constrained peptidomimetics, which are often used to enhance the stability and bioavailability of drug candidates. Additionally, it is employed in the synthesis of ligands for receptors and enzymes, aiding in the discovery of new therapeutic agents. Its hydrochloride form ensures better solubility and handling in various chemical reactions.