Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of central nervous system (CNS) agents. Its structure supports the development of drugs targeting neurological disorders, including antipsychotics and antidepressants. Commonly utilized in medicinal chemistry for modifying piperidine-based compounds to enhance bioavailability and receptor selectivity. Also employed in the preparation of ligands for G-protein coupled receptors (GPCRs). Its hydroxyl and piperidine functional groups allow for versatile chemical modifications, making it valuable in drug design and development.