This compound is primarily utilized in organic synthesis as a key intermediate in the production of pharmaceuticals, particularly in the development of piperazine-based drugs. Its structure is valuable for constructing complex molecules, often serving as a building block in the synthesis of active pharmaceutical ingredients (APIs). Additionally, it finds application in medicinal chemistry research for designing and optimizing drug candidates, especially those targeting neurological and cardiovascular diseases. Its stability and reactivity make it a versatile reagent in multi-step synthetic processes.