Peraksine is primarily used in the pharmaceutical industry as an intermediate in the synthesis of antipsychotic and antidepressant medications. Its structure allows for effective modulation of certain neurotransmitter systems in the brain, particularly dopamine and serotonin pathways. It is employed in the development of drugs aimed at treating mood disorders, anxiety, and psychotic conditions. Due to its reactivity and selectivity, Peraksine is also utilized in research settings for exploring new neuroactive compounds. Its application extends to formulation development where stability and bioavailability are key factors in drug design.