Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system (CNS) agents. Its structure supports the creation of bioactive molecules with potential antipsychotic, antidepressant, or cognitive-enhancing effects. The compound's piperidine and thiophene moieties contribute to binding selectivity in receptor-targeted drugs, making it valuable in medicinal chemistry research. It is also employed in the preparation of small-molecule modulators for neurological targets.