Used primarily in the pharmaceutical industry, this compound serves as a key intermediate in the synthesis of various drugs. Its structure is particularly valuable in the development of central nervous system (CNS) agents, including potential treatments for neurological disorders such as Alzheimer's disease and Parkinson's disease. The compound's piperidine ring and benzyl group make it a versatile building block for creating molecules that interact with neurotransmitter systems in the brain. Additionally, it is explored in research for its potential use in developing analgesics and antipsychotic medications, owing to its ability to modulate receptor activity. Its application extends to medicinal chemistry, where it is utilized to optimize drug candidates for improved efficacy and safety profiles.