This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of active pharmaceutical ingredients (APIs). Its structure, featuring a piperazine ring and a 2-hydroxyethyl group, makes it a valuable building block for creating complex molecules with potential therapeutic applications. It is often employed in the preparation of compounds targeting neurological disorders, including antidepressants and antipsychotics. Additionally, its chiral nature allows for the production of enantiomerically pure substances, which is critical in drug development to ensure specificity and reduce side effects. The compound is also used in research settings to explore new drug candidates and optimize synthetic pathways for improved efficiency and yield.