This compound is primarily utilized in organic synthesis, particularly in the preparation of pharmaceutical intermediates. It serves as a key building block in the development of various bioactive molecules, especially those targeting the central nervous system. The Cbz (carbobenzyloxy) protecting group in the structure allows for selective deprotection, enabling controlled synthesis of complex piperidine derivatives. These derivatives are often explored for their potential in drug discovery, particularly in the design of compounds with therapeutic applications such as analgesics, antipsychotics, and anticonvulsants. Additionally, its ester functionality makes it a versatile intermediate for further chemical modifications, including hydrolysis or reduction, to yield other valuable compounds.