This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various pharmaceutical agents, particularly those targeting neurological and psychiatric disorders. Its structure, featuring both an aminoethyl group and a piperidine ring, makes it valuable for designing molecules that interact with receptors in the central nervous system. Researchers often employ it in the creation of compounds with potential antipsychotic, antidepressant, or anxiolytic properties. Additionally, it is explored in the development of enzyme inhibitors and modulators of biological pathways, contributing to the advancement of treatments for complex diseases. Its versatility in chemical reactions also makes it a useful building block in organic synthesis for creating diverse pharmacologically active molecules.