This compound is primarily utilized in the synthesis of complex organic molecules, particularly in the pharmaceutical industry. It serves as a key intermediate in the development of various therapeutic agents, especially those targeting neurological and psychiatric disorders. The presence of the Boc (tert-butoxycarbonyl) protecting group allows for selective reactions, making it valuable in multi-step synthetic processes. Additionally, its piperidine core structure is often found in bioactive molecules, contributing to its significance in drug discovery and medicinal chemistry research.