This compound is primarily used in organic synthesis as a versatile intermediate for the development of more complex chemical structures. It is particularly valuable in the pharmaceutical industry, where it serves as a building block for the synthesis of active pharmaceutical ingredients (APIs) and drug candidates. The presence of both the allyloxy and piperidine groups allows for further functionalization, making it suitable for creating molecules with potential biological activity. Additionally, it is utilized in research and development for the preparation of compounds targeting neurological and cardiovascular diseases. Its stability and reactivity also make it a useful reagent in medicinal chemistry and drug discovery processes.