This compound is primarily utilized in the field of organic synthesis, particularly as a building block for the development of more complex chemical structures. It serves as an intermediate in the synthesis of various pharmaceuticals, where its piperazine and carboxylate functional groups are valuable for creating molecules with potential biological activity. Researchers often employ it in the design and optimization of drug candidates, especially those targeting neurological or cardiovascular systems. Additionally, it may be used in the preparation of ligands for metal coordination chemistry, aiding in the development of catalysts or materials with specific properties. Its versatility makes it a useful tool in medicinal chemistry and materials science research.