This compound is primarily utilized in the field of medicinal chemistry as an intermediate in the synthesis of various pharmaceutical agents. It plays a significant role in the development of drugs targeting the central nervous system, particularly in the design of compounds with potential antipsychotic or antidepressant properties. Its structure, featuring a piperazine ring and a phenol group, allows for interactions with biological targets such as receptors or enzymes, making it valuable in drug discovery and optimization processes. Additionally, it may be employed in research to study biochemical pathways or to develop novel therapeutic molecules with improved efficacy and safety profiles.