Used primarily in pharmaceutical research, this compound acts as an intermediate in the synthesis of various bioactive molecules. It is particularly valuable in the development of compounds targeting the central nervous system, where its structure can be modified to enhance receptor binding or modulate neurotransmitter activity. Additionally, it serves as a key building block in the creation of potential therapeutic agents for conditions like anxiety, depression, or chronic pain, owing to its piperazine moiety, which is often found in psychotropic drugs. Its methoxybenzoyl group further allows for fine-tuning of pharmacokinetic properties, making it a versatile tool in medicinal chemistry.