This chemical is primarily utilized in organic synthesis as a versatile intermediate for the development of various pharmacologically active compounds. It plays a significant role in the construction of piperidine-based structures, which are common in many pharmaceuticals. The benzyl and iodine groups provide reactive sites for further functionalization, making it valuable in the synthesis of complex molecules. It is often employed in the preparation of potential drug candidates targeting neurological disorders, as piperidine derivatives are known to interact with central nervous system receptors. Additionally, its structure is useful in the study of enzyme inhibition and the development of novel therapeutic agents.