Used as an 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 a piperidine ring and a cyanophenoxy group, which are common motifs in neuroactive drugs. Commonly employed in medicinal chemistry for constructing selective receptor modulators, including those targeting serotonin and dopamine receptors. Also utilized in research settings to develop potential treatments for psychiatric and neurological disorders.