This chemical is primarily utilized in the field of organic synthesis, particularly in the development of pharmaceutical compounds. It serves as a key intermediate in the production of various biologically active molecules, including potential drug candidates. Its structure is valuable for constructing piperazine derivatives, which are often found in medications targeting neurological and psychiatric disorders. Additionally, it is employed in research settings to study enzyme inhibition and receptor binding activities, aiding in the discovery of new therapeutic agents. Its role in facilitating complex chemical reactions makes it a critical component in medicinal chemistry and drug development processes.