This compound is primarily utilized in the field of medicinal chemistry and drug discovery due to its structural properties. It serves as a key intermediate or building block in the synthesis of various biologically active molecules. Its oxadiazole ring and piperidine moiety make it a valuable scaffold for designing compounds with potential pharmacological activities, particularly in the development of central nervous system (CNS) drugs. Researchers explore its derivatives for their potential as neuroprotective agents, anticonvulsants, or treatments for neurodegenerative disorders. Additionally, its structural features are investigated for their role in modulating specific receptors or enzymes, making it a promising candidate for further therapeutic applications.