Use it when describing a quick action to get something, often in a competitive situation. People rushed to snap up the best seats for the concert.
Pro Tip 2/3
Eager Acquisition
Shows enthusiasm or eagerness to take an offer before it's gone. I snapped up the chance to study abroad.
Pro Tip 3/3
Impulsive Action
It can imply buying or getting something on impulse because of its attractiveness, such as a low price. She snapped up the designer dress at half price.