Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the creation of drugs targeting neurological disorders, such as Alzheimer's disease, due to its structural compatibility with neurotransmitter systems. Additionally, it finds application in the development of enzyme inhibitors, which are crucial for treating conditions like cancer and metabolic diseases. Its piperidine and carbamoyl groups make it a versatile building block in medicinal chemistry, enabling the design of compounds with enhanced efficacy and specificity.