Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) involving piperazine derivatives, such as central nervous system agents including antipsychotics, anxiolytics, and antidepressants. Its functional groups enable coupling reactions and modifications useful in drug design. Also employed as a starting material for creating ligands in transition metal complexes in coordination chemistry research. Additionally, it can be used in the production of compounds with antioxidant or antimicrobial properties. Furthermore, utilized in research settings for creating novel bioactive molecules due to its solubility and reactivity profile.