Used primarily in pharmaceutical research as an intermediate in the synthesis of bioactive compounds. Shows potential in the development of central nervous system agents due to structural similarity to known neuroactive molecules. Investigated for its role in serotonin and dopamine receptor modulation, suggesting possible applications in treating psychiatric disorders such as anxiety, depression, and schizophrenia. Also utilized in the preparation of novel piperazine derivatives for structure-activity relationship studies in medicinal chemistry. Additionally, employed in research on antioxidant effects and inflammation at the cellular level.