This compound is primarily utilized in the synthesis of various pharmaceutical intermediates. It plays a crucial role in the development of drugs targeting the central nervous system, particularly in the creation of compounds with potential analgesic or anti-inflammatory properties. Additionally, it is employed in research settings to study the biochemical pathways involving piperidine derivatives, aiding in the discovery of new therapeutic agents. Its oxime group makes it a valuable precursor in organic synthesis, enabling the formation of complex molecules with specific biological activities.