This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structural features make it suitable for the development of receptor ligands, which can interact with specific proteins in the brain to modulate their activity. Additionally, it is employed in the creation of compounds with potential anticancer properties, as its piperazine moiety can enhance binding affinity to certain cellular targets. Researchers also explore its use in designing drugs for cardiovascular diseases due to its ability to influence specific enzymatic pathways. Its hydrochloride form ensures stability and solubility, making it suitable for laboratory experiments and drug formulation processes.