This compound is primarily utilized in organic synthesis as a key intermediate in the preparation of more complex chemical structures. It plays a significant role in the development of pharmaceutical agents, particularly in the synthesis of compounds with potential therapeutic properties. Its structure is often exploited in the construction of piperidine derivatives, which are common motifs in drug discovery. Additionally, it can be used in the study of reaction mechanisms and as a building block in the development of new synthetic methodologies. Its stability and reactivity make it a valuable tool in medicinal chemistry research.