This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals. Its structure, featuring both a piperidine ring and a phenyl group, makes it a valuable building block for the development of compounds with potential biological activity. It is often employed in the synthesis of molecules targeting neurological disorders, as the piperidine moiety is commonly found in drugs affecting the central nervous system. Additionally, its ester functional group allows for further chemical modifications, enabling the creation of diverse derivatives for drug discovery and development. Researchers also explore its use in the design of ligands for receptors or enzymes, contributing to the development of new therapeutic agents.