This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting neurological disorders, particularly those involving the central nervous system. Its structural properties make it suitable for creating compounds that interact with specific receptors or enzymes in the brain, potentially leading to treatments for conditions like depression, anxiety, or chronic pain. Additionally, it may be explored in the design of novel therapeutic agents due to its piperidine moiety, which is a common feature in many bioactive molecules. Research is ongoing to optimize its derivatives for enhanced efficacy and reduced side effects.