Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure, featuring both piperazine and hydroxyl groups, makes it valuable for developing compounds targeting the central nervous system. It is often employed in the creation of potential drugs for neurological disorders, including antidepressants and antipsychotics. Additionally, it plays a role in the development of ligands for receptor studies, aiding in the understanding of biochemical pathways. Its dihydrochloride form enhances solubility, facilitating its use in experimental and formulation processes.