This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various biologically active molecules. It is particularly significant in the development of receptor antagonists and enzyme inhibitors, which are crucial for treating neurological and psychiatric disorders. Its structural features, including the piperazine ring and benzonitrile moiety, make it a versatile building block for designing compounds with potential therapeutic effects. Researchers often employ it in medicinal chemistry to optimize drug candidates for improved efficacy and selectivity. Additionally, it may be explored in the development of targeted therapies for conditions such as cancer, where modulation of specific pathways is required.