This compound is primarily utilized in the field of organic synthesis, particularly as a protective group for amines and hydroxyl groups during complex chemical reactions. Its fluorenylmethyl moiety offers stability under various reaction conditions, making it a valuable tool in peptide synthesis and the preparation of pharmaceuticals. The azetidine ring contributes to its versatility, allowing it to participate in cyclization and ring-opening reactions, which are essential in constructing biologically active molecules. Additionally, its use in solid-phase synthesis enables the efficient production of peptides and small molecules, aiding in drug discovery and development. Its ability to be selectively removed under mild conditions further enhances its utility in multi-step synthetic processes.