Used as an intermediate in organic synthesis, particularly in the pharmaceutical industry for developing active pharmaceutical ingredients (APIs). Its structure supports the creation of complex molecules with biological activity, especially in central nervous system agents. Commonly employed in the preparation of N-substituted piperidine derivatives, which are found in various medicinal compounds including analgesics, antipsychotics, and cognitive enhancers. Also utilized in research settings for designing novel drug candidates due to its favorable solubility and reactivity profile.