Piperidine derivatives (I) are new. Piperidine derivatives of formula (I) are new. [Image] R : H, alkali metal or alkaline earth metal; and n : 1-5. An independent claim is also included for 4-(3-cyclopentyloxy-4-difluoromethoxyphenyl)-4-cyanopiperidine (III) and its salts. ACTIVITY : Antiinflammatory; Antidiabetic; Antiallergic; Immunosuppressive; Antiasthmatic; Respiratory-Gen.; Antibacterial; Nephrotropic; Hepatotropic; Gastrointestinal-Gen.; Ophthalmological; Dermatological; Antiulcer; Antirheumatic; Neuroprotective; Osteopathic; Antiarthritic; Anorectic; Eating-Disorders-Gen.; Antidepressant; Antiparkinsonian; Nootropic; Vasotropic; Cytostatic; Anti-HIV. MECHANISM OF ACTION : Phosphodiesterase-Inhibitor-4. In assays using U937 cells 2-(4-(3-cyclopentyloxy-4-difluoromethoxyphenyl)-4-cyanopiperidin-1-yl)acetic acid monohydrate (Ia) had an IC 5 0 value for phosphodiesterase-4 of 42 nmol/L.