This compound is primarily utilized in the field of organic synthesis, particularly as an intermediate in the production of more complex molecules. It serves as a key building block in the development of pharmaceuticals, especially in the synthesis of chiral compounds where stereochemistry plays a critical role. Its structure, featuring a hydroxymethyl group and a piperidine ring, makes it valuable for constructing biologically active molecules, such as enzyme inhibitors or receptor modulators. Additionally, it can be used in the preparation of compounds for research in medicinal chemistry, aiding in the discovery of new drugs or therapeutic agents.