This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of biologically active molecules. Its structure is particularly valuable for constructing piperazine-based compounds, which are often found in drugs targeting the central nervous system. It is also employed in the preparation of potential therapeutic agents for conditions such as anxiety, depression, and other neurological disorders. Additionally, its chiral nature makes it useful in the development of enantioselective drugs, enhancing the efficacy and reducing side effects of pharmaceutical products.