Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) active compounds. Its structure supports the creation of potent receptor modulators, especially for serotonin and dopamine receptors, making it valuable in researching treatments for neurological and psychiatric disorders. The hydroxyl and piperidine functional groups allow for further chemical modifications, enabling the optimization of drug candidates for improved selectivity, bioavailability, and metabolic stability. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies.