This compound is primarily utilized in the synthesis of pharmaceuticals, particularly in the development of chiral molecules. It serves as a key intermediate in the production of various active pharmaceutical ingredients (APIs) that target neurological and cardiovascular disorders. Its chiral structure is essential for creating enantiomerically pure drugs, which are critical for ensuring efficacy and reducing side effects. Additionally, it is employed in research settings for the study of piperazine derivatives, which are known for their versatile biological activities. The compound's stability and reactivity make it a valuable building block in organic synthesis, especially in the construction of complex molecular frameworks.