This chemical is primarily utilized in the synthesis of complex organic compounds, particularly in pharmaceutical research and development. It serves as a key intermediate in the production of various active pharmaceutical ingredients (APIs) and drug candidates. Its structure is valuable in constructing piperidine-based molecules, which are common in medicinal chemistry due to their biological activity. Additionally, it is employed in the preparation of compounds for studying enzyme inhibition and receptor binding, aiding in the discovery of new therapeutic agents. Its stability and reactivity make it a versatile building block in organic synthesis.