This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various biologically active compounds. Its structure is particularly valuable in the development of drugs targeting neurological and cardiovascular disorders. The compound is often employed in the preparation of piperazine derivatives, which are known for their therapeutic potential in treating conditions such as hypertension, anxiety, and depression. Additionally, it serves as a building block in the creation of complex molecules for research and development in medicinal chemistry, aiding in the discovery of new drug candidates. Its application extends to the optimization of drug efficacy and safety profiles during preclinical studies.