This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structure is often explored in the development of potential therapeutic agents, such as receptor modulators or enzyme inhibitors, due to its piperidine and aromatic components. Additionally, it may be investigated for its role in drug discovery programs aimed at creating novel treatments for conditions like depression, anxiety, or neurodegenerative diseases. Its unique chemical framework allows for modifications to optimize pharmacokinetic and pharmacodynamic properties in drug candidates.