Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system agents and receptor modulators. Its structure supports the creation of bioactive molecules due to the presence of both phenolic and piperidine functional groups, which can enhance binding affinity and solubility in drug candidates. Commonly employed in medicinal chemistry for designing compounds with potential antipsychotic, antidepressant, or analgesic activity. Also utilized in the preparation of novel ligands for neurological targets such as serotonin and dopamine receptors.