Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system (CNS) agents. It serves as a building block for drugs targeting neurological disorders such as depression, anxiety, and psychosis due to its structural compatibility with bioactive molecules. Its piperidine ring with a phenoxy group enhances binding affinity to certain receptors, making it valuable in medicinal chemistry for optimizing drug efficacy and selectivity. Also employed in the preparation of agrochemicals and specialty chemicals requiring complex amine structures.