Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system agents and analgesics. Its structure allows for easy functionalization, making it valuable in creating active pharmaceutical ingredients (APIs) that target neurological receptors. Commonly employed in the preparation of selective receptor ligands and in medicinal chemistry research for drug discovery. Also utilized in the production of certain anticholinergic and antipsychotic compounds due to its piperidine backbone, which is prevalent in bioactive molecules.