This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of biologically active compounds. It is particularly valuable in the development of pharmaceutical agents targeting neurological disorders, such as Alzheimer's disease and schizophrenia, due to its piperidine and methoxycarbonyl functional groups, which are often found in molecules with central nervous system activity. Additionally, it serves as a building block in the preparation of complex molecules for drug discovery programs, enabling the exploration of structure-activity relationships. Its role in facilitating the creation of novel therapeutic candidates underscores its importance in advancing pharmaceutical research.