Used primarily as an intermediate in the synthesis of pharmaceuticals and fine chemicals, this compound plays a key role in developing bioactive molecules due to its phenolic and piperidine functionalities. Its structure allows for easy modification in drug design, particularly in creating antioxidants and enzyme inhibitors. It is also employed in research settings to develop novel compounds with potential therapeutic effects, including anti-inflammatory and neuroprotective agents targeting the central nervous system. The steric bulk from the tert-butyl groups enhances stability and influences selectivity in reactions, making it valuable in asymmetric synthesis and medicinal chemistry applications.