This compound is primarily utilized in organic synthesis, particularly in the pharmaceutical industry, as an intermediate in the production of more complex molecules. Its structure, featuring a piperidine ring and a carboxybenzyl (Cbz) protecting group, makes it valuable for the synthesis of various bioactive compounds, including potential drug candidates. The Cbz group is often used to protect amines during multi-step synthetic processes, ensuring selective reactions. Additionally, the ester functional group in the molecule allows for further chemical modifications, such as hydrolysis or transesterification, to create derivatives with desired properties. Its application is crucial in the development of novel therapeutic agents, especially in the fields of neurology and pharmacology, where piperidine derivatives are frequently explored for their biological activity.