This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules. Its structure, featuring a benzoxazole ring and a piperidine moiety, makes it valuable for designing compounds targeting neurological disorders. Researchers often explore its potential in creating drugs that interact with specific receptors in the brain, such as those involved in mood regulation or cognitive function. Additionally, its fluorinated component enhances its binding affinity and metabolic stability, making it a promising candidate for further pharmacological studies.