Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and CNS-active agents. Its structure allows for selective modification, making it valuable in medicinal chemistry for optimizing drug potency and metabolic stability. Commonly employed in research settings to construct pyrazole-containing piperidine derivatives with potential anti-inflammatory, antiviral, or anticancer activity. Also utilized in the preparation of ligands for receptor binding studies due to its favorable steric and electronic properties.