This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various biologically active molecules. Its structure, featuring a piperidine ring with hydroxyl and carboxylate groups, makes it a versatile building block for creating compounds with potential therapeutic applications. It is often employed in the preparation of drug candidates targeting neurological disorders, such as Alzheimer's disease or Parkinson's disease, due to its ability to modulate neurotransmitter systems. Additionally, it is used in the development of small molecule inhibitors for enzymes and receptors involved in inflammation and cancer. The compound's stability and reactivity also make it suitable for use in organic synthesis and medicinal chemistry workflows.