This compound is primarily utilized in the field of organic synthesis as an intermediate for the development of more complex chemical structures. It is often employed in the pharmaceutical industry for the preparation of active pharmaceutical ingredients (APIs) that target neurological disorders, given its piperidine core, which is a common motif in drugs affecting the central nervous system. Additionally, its benzyl and carboxylate groups make it a versatile building block for modifying molecular properties, enhancing solubility, or improving bioavailability in drug design. Researchers also explore its potential in creating novel compounds for therapeutic applications, particularly in areas requiring precise molecular modifications.