This compound is primarily used in the pharmaceutical industry as an intermediate in the synthesis of various drugs. It plays a crucial role in the development of compounds targeting the central nervous system, particularly in the creation of potential treatments for neurological disorders. Its structure allows it to act as a building block for molecules that interact with specific receptors or enzymes in the brain, making it valuable for research and drug discovery. Additionally, it is utilized in the preparation of active pharmaceutical ingredients (APIs) that require a piperidine or carbamate moiety for their biological activity. Its stability and reactivity make it a versatile component in organic synthesis for medicinal chemistry applications.