Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system (CNS) agents. It serves as a building block for drugs targeting neurological disorders due to its piperidine and aromatic ether structure, which are common motifs in bioactive molecules. Its protected amine group allows for selective reactions in multi-step syntheses, making it valuable in medicinal chemistry for creating serotonin or dopamine receptor modulators. Also employed in the preparation of kinase inhibitors and anti-inflammatory agents.