This compound is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structure, featuring a piperidine ring and a hydroxylated alkyne moiety, makes it a versatile building block for constructing complex drug candidates. Researchers often employ it in the synthesis of compounds that interact with receptors or enzymes in the central nervous system. Additionally, its tert-butyloxycarbonyl (Boc) protecting group allows for selective reactions, enabling the creation of specific derivatives for further pharmacological evaluation.