This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the production of various biologically active molecules, particularly those targeting neurological and cardiovascular disorders. Its structure is often exploited in the development of piperidine-based drugs, which are known for their therapeutic potential. Additionally, it is used in the synthesis of chiral compounds, aiding in the creation of enantiomerically pure substances for medicinal applications. Researchers also employ it in studying enzyme inhibition and receptor binding mechanisms, contributing to the advancement of drug discovery and development.