Used primarily as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting central nervous system disorders. Its structural features make it valuable in creating chiral building blocks for active pharmaceutical ingredients. It is also employed in research settings for the preparation of piperidine-based derivatives with potential biological activity, including antipsychotic and antidepressant agents. The compound's protected alcohol and amine functionalities allow for selective chemical modifications, enabling efficient route design in medicinal chemistry.