This chemical is primarily used in pharmaceutical research and development as an intermediate in the synthesis of more complex molecules. Its structure, featuring both a piperidine ring and an ethoxycarbonyl group, makes it valuable for constructing compounds with potential biological activity. It is often employed in the preparation of drug candidates targeting neurological disorders, such as anxiety or depression, due to its ability to interact with specific receptors in the brain. Additionally, its ester and carbamate functional groups allow for further chemical modifications, making it a versatile building block in medicinal chemistry. Researchers also utilize it in the development of protease inhibitors, which are crucial in treating diseases like HIV and hepatitis. Its role in organic synthesis extends to creating novel compounds for testing in various therapeutic areas.