Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of central nervous system agents and analgesics. It serves as a building block for active pharmaceutical ingredients due to its structural compatibility with bioactive molecules. Commonly employed in the development of local anesthetics and antipsychotic drugs, where the piperidine ring contributes to receptor binding affinity. Also utilized in the preparation of agrochemicals and specialty chemicals requiring chiral amine functionalities. Its hydroxyl group allows for easy modification, enabling conjugation or attachment to larger molecular frameworks in drug design.