This compound is primarily utilized in the field of organic synthesis as a versatile intermediate. It serves as a key building block in the preparation of various pharmaceuticals, particularly in the development of piperazine-based drugs. Its structure allows for further functionalization, making it valuable in creating compounds with potential therapeutic applications. Additionally, it is employed in the synthesis of agrochemicals and other fine chemicals, where its stable and reactive nature facilitates complex chemical transformations. Its role in producing biologically active molecules underscores its importance in medicinal chemistry and drug discovery.