Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of bioactive molecules that target central nervous system disorders. Its structure supports the creation of conformationally restricted analogs, enhancing selectivity and metabolic stability in drug candidates. Commonly employed in medicinal chemistry for constructing azetidine-based scaffolds, which are valuable in optimizing pharmacokinetic properties. Also utilized in the preparation of enzyme inhibitors and receptor modulators due to the strained ring system that influences binding affinity.