Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. Its structure allows for the introduction of piperidine moieties into larger molecules, which is valuable in drug development due to the piperidine ring’s prevalence in bioactive compounds. Commonly employed in the synthesis of local anesthetics and receptor antagonists. Also utilized in the preparation of ligands for catalysis and in the development of compounds with central nervous system activity. Its phenolic group enables easy functionalization for further chemical modifications.