Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of antipsychotic and antidepressant drugs. Its structure supports the creation of active compounds that interact with central nervous system receptors. Commonly employed in research settings to design new bioactive molecules due to its ability to act as a building block in complex drug formulations. Also utilized in the preparation of functionalized piperazine derivatives, which are important in medicinal chemistry for improving drug solubility and receptor binding.