Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the preparation of piperidine-based compounds, which are often explored for their potential therapeutic effects. The Cbz (carbobenzyloxy) protecting group allows for selective reactions, making it useful in peptide synthesis and drug design. Its application extends to the development of central nervous system (CNS) drugs, where piperidine derivatives play a significant role. Additionally, it is employed in the production of compounds with potential anticancer, antiviral, or anti-inflammatory properties. Its versatility makes it a crucial component in medicinal chemistry and organic synthesis.