This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting the central nervous system (CNS), particularly in the treatment of neurological disorders such as Parkinson's disease and schizophrenia. Its structural properties make it a valuable building block for creating molecules that interact with specific receptors in the brain, enhancing therapeutic efficacy. Additionally, it is employed in research settings to study the pharmacological effects of piperidine derivatives, aiding in the discovery of new treatments for mental health conditions.