Used in pharmaceutical research as a key intermediate in the synthesis of bioactive molecules, particularly in the development of central nervous system (CNS) agents. Its structure supports modulation of neurotransmitter receptors, making it valuable in the design of potential antipsychotic, antidepressant, or anxiolytic drugs. The compound's piperazine and pyrazole moieties are commonly associated with receptor affinity and metabolic stability, enhancing its utility in drug discovery. It is also employed in the preparation of novel analogs for structure-activity relationship (SAR) studies.