Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of centrally acting agents due to its structural similarity to bioactive piperidine derivatives. Its scaffold is valuable in medicinal chemistry for designing drugs targeting neurological pathways, including potential applications in antidepressants, antipsychotics, and cognitive enhancers. The compound’s functional groups allow for easy modification, making it useful in creating libraries of analogs for drug discovery. Also employed in the preparation of chiral ligands and catalysts in asymmetric synthesis.