Used primarily in pharmaceutical research, it serves as a key intermediate in the synthesis of various therapeutic agents. Its structure is particularly valuable in the development of compounds targeting neurological disorders, where its piperazine moiety plays a crucial role in modulating receptor activity. Additionally, it is employed in the creation of potential drugs for treating psychiatric conditions, leveraging its ability to influence neurotransmitter systems. The compound's chiral nature also makes it a candidate for enantioselective synthesis, enhancing the specificity and efficacy of resulting medications.