This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of chiral molecules. Its structure, featuring a hydroxymethyl group and a piperidine ring, makes it a valuable building block for creating compounds with potential biological activity. It is often employed in the preparation of drugs targeting the central nervous system, such as analgesics or anticonvulsants, due to its ability to interact with specific receptors or enzymes. Additionally, its ester functionality allows for further chemical modifications, enabling the creation of diverse derivatives for drug discovery and optimization. Researchers also use it in asymmetric synthesis to produce enantiomerically pure compounds, which are critical in the development of effective and safe medications.