This compound is primarily utilized in research and development within the field of medicinal chemistry. It serves as a key intermediate in the synthesis of various pharmacologically active molecules, particularly those targeting the central nervous system. Its structural features make it a valuable building block for designing compounds with potential applications in treating neurological disorders, such as depression, anxiety, and chronic pain. Additionally, it is explored for its role in modulating specific receptors or enzymes that are implicated in these conditions. Researchers also investigate its potential in developing novel therapeutic agents due to its piperidine and methoxybenzyl moieties, which are often associated with bioactivity.