This compound is primarily utilized in pharmaceutical research and development as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the construction of complex molecules, particularly those targeting neurological and psychiatric disorders. Its structure, featuring a piperidine ring and a carbamate group, makes it a valuable building block for designing drugs that interact with receptors in the central nervous system. Additionally, it is employed in the preparation of compounds with potential therapeutic applications in pain management and neurodegenerative diseases. Its stability and reactivity under controlled conditions make it a preferred choice for medicinal chemists in drug discovery processes.