This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various bioactive molecules. Its unique structure, featuring a fluorinated piperidine ring, makes it valuable in the development of drugs targeting neurological disorders, such as Alzheimer's disease and other cognitive impairments. The presence of the tert-butyl group enhances the stability of the molecule during chemical reactions, while the hydroxymethyl group allows for further functionalization, enabling the creation of diverse derivatives. Additionally, it is employed in the preparation of compounds with potential antiviral and anticancer properties, contributing to ongoing research in medicinal chemistry.