This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various biologically active molecules. It plays a significant role in the development of drug candidates, particularly in the construction of piperazine-based structures, which are common in many therapeutic agents. Its chiral nature makes it valuable for producing enantiomerically pure compounds, which are often crucial for achieving desired pharmacological effects. Additionally, it is employed in organic synthesis for the preparation of complex molecules, contributing to advancements in medicinal chemistry and drug discovery.