Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system (CNS) agents and receptor modulators. Its structure supports the creation of bioactive molecules due to the strained azetidine ring and the presence of a hydroxyl group, which can be further functionalized. Commonly employed in medicinal chemistry for constructing novel drug candidates targeting neurological disorders and inflammatory conditions. Also utilized in the preparation of selective enzyme inhibitors and receptor agonists/antagonists due to its favorable stereochemistry and polarity profile.