Used as an intermediate in organic synthesis, particularly in the development of pharmaceutical compounds. It serves as a building block for bioactive molecules due to the presence of both furoyl and piperazine moieties, which are commonly found in drugs targeting the central nervous system. Its structure allows for easy modification, making it valuable in the design of new therapeutic agents, including potential antipsychotics, antidepressants, and antimicrobial agents. Also employed in research settings for the synthesis of heterocyclic compounds and in the preparation of ligands for receptor binding studies.