This compound is primarily utilized in the synthesis of pharmaceuticals, particularly as an intermediate in the production of various active pharmaceutical ingredients (APIs). Its structure, featuring both a piperazine ring and a hydroxyl group, makes it valuable for modifying drug molecules to enhance their biological activity or pharmacokinetic properties. It is often employed in the development of drugs targeting the central nervous system, as well as in the creation of compounds with potential anti-inflammatory or antimicrobial properties. Additionally, it serves as a building block in organic synthesis for constructing more complex molecules in medicinal chemistry research.