This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various bioactive molecules. It is particularly valuable in the creation of compounds targeting the central nervous system, such as potential drugs for neurological disorders or pain management. Its structure, featuring a piperidine ring and an ethanol group, makes it a versatile building block for designing molecules with specific receptor-binding properties. Additionally, it may be employed in the development of small molecule inhibitors or modulators for enzymes and proteins involved in disease pathways. Its hydrochloride form ensures stability and solubility, facilitating its use in experimental and industrial processes.