Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system (CNS) agents. Its structure allows for the introduction of piperidine-based motifs, which are common in bioactive molecules. It is employed in the preparation of selective receptor modulators, including those targeting serotonin and dopamine receptors. The compound's free hydroxyl and protected carboxylate (tert-butyl ester) functionalities make it suitable for stepwise coupling reactions in multi-step organic syntheses. Commonly found in research settings for drug discovery programs focusing on neurological disorders and psychiatric conditions.