This compound is primarily utilized in pharmaceutical research and development as an intermediate in the synthesis of more complex molecules. It plays a key role in the creation of potential drug candidates, particularly in the development of compounds targeting neurological disorders. Its structure, featuring a piperazine ring and a hydroxymethyl group, makes it a valuable building block for designing molecules with potential therapeutic effects. Researchers often use it to explore its interactions with biological targets, such as receptors or enzymes, to develop new treatments for conditions like anxiety, depression, or other central nervous system-related diseases. Additionally, its tert-butyl carboxylate group provides stability and reactivity, making it suitable for further chemical modifications in drug discovery processes.