This chemical is primarily used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of complex organic compounds. It plays a significant role in the preparation of piperidine derivatives, which are crucial in the creation of various therapeutic agents. Its application extends to the production of drugs targeting neurological disorders, cardiovascular diseases, and other medical conditions. Additionally, it is utilized in research settings for the development of novel bioactive molecules, contributing to advancements in medicinal chemistry.