Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of centrally acting agents such as antipsychotics and cognitive enhancers. Its structure allows for functionalization at multiple sites, making it valuable in medicinal chemistry for constructing piperidine-based bioactive molecules. Commonly employed in the preparation of dopamine and serotonin receptor modulators. Also utilized in research settings for generating novel heterocyclic compounds with potential neurological activity.