This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of bioactive molecules and drug candidates. Its structure, featuring both an amine and a carboxylate group, makes it a versatile building block for creating complex chemical entities. It is often employed in the preparation of compounds targeting neurological disorders, as the piperazine moiety is a common feature in drugs affecting the central nervous system. Additionally, it serves as a key reagent in the production of ligands for receptor studies, aiding in the discovery of new therapeutic agents. Its stability and reactivity under various conditions make it a valuable component in medicinal chemistry research.