Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) active compounds. Its structure supports the creation of selective receptor modulators, making it valuable in research for neuropharmacological drugs. Commonly employed in the preparation of piperazine-based derivatives with potential antidepressant, antipsychotic, or anxiolytic activity. Also utilized in medicinal chemistry for structure-activity relationship (SAR) studies due to its ability to enhance binding affinity and bioavailability in target molecules.