Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system (CNS) agents and neuroprotective compounds. Its structure supports the creation of bioactive molecules due to the presence of both hydroxyl and acetyl-protected nitrogen functionalities, allowing selective chemical modifications. Commonly employed in medicinal chemistry for constructing piperidine-based drug candidates, especially those targeting neurological disorders. Also utilized in the preparation of antioxidants and enzyme inhibitors due to the reactivity of the hydroxyl group and the stability of the acetylated piperidine ring.