Used primarily as an intermediate in organic synthesis, particularly in the pharmaceutical industry for the development of bioactive molecules and drug candidates. Its structure allows for functionalization at multiple sites, making it valuable in constructing nitrogen-containing heterocycles. It has been employed in the synthesis of central nervous system agents and other therapeutic compounds due to its resemblance to biologically active piperidine derivatives. Additionally, it serves as a building block in the preparation of natural product analogs and in medicinal chemistry research for scaffold diversification.