Primarily used in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various drugs. It is particularly valuable in creating molecules with piperazine rings, which are common in medications targeting neurological and psychological conditions, such as antidepressants and antipsychotics. Additionally, it finds application in the production of compounds with potential antimicrobial and anticancer properties. Its role in organic synthesis extends to the development of agrochemicals, contributing to the formulation of pesticides and herbicides. The compound’s versatility also makes it useful in material science, where it aids in the creation of polymers and coatings with specialized properties.