This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its structure, featuring a piperidine ring and an oxadiazole moiety, makes it a valuable scaffold for designing molecules with potential biological activity. It is often explored for its role in targeting central nervous system (CNS) disorders, such as anxiety, depression, and neurodegenerative diseases, due to its ability to interact with specific receptors or enzymes in the brain. Additionally, its derivatives are investigated for their antimicrobial and anti-inflammatory properties, making it a versatile intermediate in medicinal chemistry. Researchers also study its potential in developing enzyme inhibitors or modulators for therapeutic applications.