This compound is primarily utilized in the field of medicinal chemistry as an intermediate in the synthesis of various pharmacologically active molecules. It is particularly significant in the development of compounds targeting the central nervous system, where its structural features can be leveraged to create drugs with potential antipsychotic or neuroprotective properties. Additionally, its piperidine moiety makes it a valuable building block in the design of ligands for receptors involved in pain management and inflammation. Researchers also explore its applications in the synthesis of novel compounds for treating cardiovascular diseases, owing to its ability to modulate specific biological pathways.