This compound is primarily utilized in research and development within the field of medicinal chemistry. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological disorders. Its structure is often explored for potential applications in designing drugs that interact with specific receptors in the brain, such as those involved in pain management or psychiatric conditions. Additionally, it is studied for its potential role in developing compounds with antifungal or antibacterial properties, given its phenylpiperidine backbone, which is a common feature in many pharmacologically active agents.