Used as an intermediate in organic synthesis, particularly in the development of pharmaceutical compounds. It serves as a building block for drugs targeting the central nervous system due to the presence of the piperidine ring, which is common in neuroactive molecules. Its carbamate and acetyl functional groups allow for selective modifications, making it valuable in medicinal chemistry for creating analogs with improved bioavailability or binding affinity. Also employed in the synthesis of protease inhibitors and receptor modulators in research settings.