This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various bioactive molecules. Its structure, featuring a piperazine ring and a benzyl group, makes it valuable for developing drugs targeting neurological and psychiatric disorders. It is often employed in the preparation of compounds with potential antipsychotic, antidepressant, or anxiolytic properties. Additionally, its chiral nature allows for the creation of enantiomerically pure substances, enhancing the specificity and efficacy of the resulting drugs. Researchers also explore its use in designing prodrugs or ligands for receptor-binding studies, contributing to advancements in medicinal chemistry and drug discovery.