This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of biologically active molecules. It serves as a key intermediate in the creation of compounds targeting neurological disorders, such as anxiety and depression, due to its structural similarity to piperidine derivatives, which are known to interact with central nervous system receptors. Additionally, it is employed in the development of potential anticancer agents, as the fluoropiperidine moiety can enhance the binding affinity and selectivity of drug candidates to specific cellular targets. Its carbamate group also provides stability and facilitates controlled release of active pharmaceutical ingredients in drug formulations.