Used primarily as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system (CNS) agents. Its structure supports the creation of bioactive molecules due to the presence of both amine and hydroxyl functional groups, which facilitate binding to biological targets. It is employed in the production of certain antidepressants and antipsychotics, where the piperidine backbone enhances blood-brain barrier penetration. Additionally, it serves as a building block in medicinal chemistry for designing novel drug candidates with improved selectivity and potency.