This compound is primarily utilized in organic synthesis, particularly in the development of pharmaceuticals and bioactive molecules. It serves as a key intermediate in the construction of complex piperidine-based structures, which are common in many therapeutic agents. The presence of the Cbz (carbobenzyloxy) protecting group allows for selective deprotection, enabling further functionalization of the molecule. It is often employed in the synthesis of alkaloids, which have applications in treating neurological disorders and other medical conditions. Additionally, its ester group can be hydrolyzed or transformed into other functional groups, making it versatile for various chemical transformations in drug discovery and development.