This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key building block in the preparation of complex molecules, especially those targeting neurological and psychiatric disorders. Its structure is advantageous in creating chiral piperazine derivatives, which are often incorporated into drugs to enhance selectivity and efficacy. Additionally, it is employed in organic synthesis for the construction of nitrogen-containing heterocycles, which are crucial in medicinal chemistry for designing compounds with improved pharmacokinetic properties. Its stability and reactivity make it a valuable reagent in multi-step synthetic routes.