Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs) for central nervous system (CNS) agents and analgesics. Its protected amine group and hydroxyl functionality allow selective reactions in multi-step organic syntheses, making it valuable in constructing complex drug molecules. Commonly employed in medicinal chemistry for building piperidine-based scaffolds, which are prevalent in bioactive molecules due to their favorable pharmacokinetic properties and structural stability.