Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs) that require piperazine-based structures. Its functional groups, including the hydroxymethyl and tert-butyloxycarbonyl (Boc) protection, allow for selective modifications such as ether or ester formation, making it valuable in drug discovery for central nervous system agents, antipsychotics, and receptor antagonists. The Boc group enables controlled deprotection during multi-step syntheses, ensuring stability and selectivity. Also employed in the preparation of bioactive molecules for research in medicinal chemistry due to its solubility and reactivity profile.