This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmacologically active molecules. It is often employed in the development of compounds targeting neurological disorders, particularly those involving the modulation of neurotransmitter systems. Its structure, featuring a piperidine moiety, makes it valuable in designing ligands for receptors such as dopamine or serotonin receptors, which are critical in treating conditions like depression, anxiety, and Parkinson's disease. Additionally, it serves as a building block in the creation of potential drug candidates for pain management and anti-inflammatory therapies. Its versatility in chemical reactions also allows for its use in the synthesis of more complex molecules with potential therapeutic applications.