This compound is primarily utilized in organic synthesis as a versatile building block for the preparation of various heterocyclic compounds. It serves as a key intermediate in the development of pharmaceuticals, particularly in the synthesis of piperidine derivatives, which are often explored for their potential biological activities. Additionally, it is employed in the creation of complex molecules used in drug discovery and medicinal chemistry research. Its structural features make it valuable for constructing frameworks that mimic natural products or bioactive molecules, aiding in the design of new therapeutic agents.