Used primarily 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 core and ester functionality make it valuable in medicinal chemistry for building complex, pharmacologically active structures. It is also employed in research settings to explore new pathways in neuropharmacology and drug design.