This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmacologically active molecules. Its structure, featuring both phenyl and piperidinyl groups, makes it a versatile building block for the development of compounds with potential therapeutic applications, particularly in the realm of central nervous system (CNS) drugs. Researchers often employ it in the synthesis of novel analogs that target receptors or enzymes involved in neurological pathways. Additionally, its diketone functionality allows for further chemical modifications, enabling the creation of diverse derivatives for medicinal chemistry studies. Beyond pharmaceuticals, it may also find use in the development of specialty chemicals or materials with specific functional properties.