Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and central nervous system agents. Its structure allows for functionalization at both the aldehyde and hydroxyl groups, enabling conjugation into larger bioactive molecules. Commonly employed in medicinal chemistry for building blocks in drug discovery programs targeting inflammatory and neurological disorders. Also utilized in the preparation of receptor modulators due to the piperidine and aromatic ring system, which are prevalent motifs in pharmacologically active substances.