This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various therapeutic agents. Its structure, featuring a piperidine ring and phenol group, makes it a valuable building block for developing drugs targeting the central nervous system. It is particularly significant in the creation of analgesics and antipsychotic medications, where its stereochemistry plays a crucial role in binding to specific receptors. Additionally, it is employed in research settings to study the pharmacological properties of piperidine derivatives, aiding in the discovery of new treatments for neurological and psychiatric disorders.