This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various pharmacologically active molecules. Its structure, featuring a piperidine ring, makes it valuable in the development of compounds targeting the central nervous system, particularly in the design of drugs for neurological disorders. It is often explored for its potential in creating ligands for receptors involved in pain management, anxiety, and cognitive enhancement. Additionally, its carbamate group enhances its stability and bioavailability, making it a suitable candidate for drug development pipelines. Researchers also investigate its role in the synthesis of novel compounds with potential anti-inflammatory or antimicrobial properties.