This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various bioactive molecules. Its structure, featuring a piperidine ring and a hydroxyl group, makes it a versatile building block for developing drugs targeting the central nervous system. It is particularly valuable in the creation of compounds with potential antipsychotic, antidepressant, or analgesic properties. Additionally, its chemical framework is explored in the design of ligands for receptors involved in neurological disorders, aiding in the development of novel therapeutic agents.