This chemical is primarily utilized in the field of organic synthesis as a versatile intermediate. It is often employed in the preparation of various pharmaceutical compounds, particularly those targeting neurological and psychiatric disorders. Its structure makes it suitable for the development of bioactive molecules, especially in the synthesis of piperidine derivatives, which are key components in many drugs. Additionally, it is used in research settings to explore new chemical entities and optimize drug candidates. Its stability and reactivity also make it a valuable reagent in medicinal chemistry for constructing complex molecular architectures.