Used as a key intermediate in the synthesis of pharmaceutical compounds, 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, enabling diverse chemical modifications. Commonly employed in research settings for designing drugs targeting neurological disorders, including antidepressants and antipsychotics. Also utilized in the preparation of selective enzyme inhibitors and receptor ligands in medicinal chemistry.