Used primarily in pharmaceutical research, it serves as a key intermediate in the synthesis of various bioactive compounds. Its structure is valuable in developing drugs targeting neurological disorders, particularly those involving serotonin and dopamine receptors. It is also employed in the creation of potential antipsychotic and antidepressant agents. Additionally, it finds application in organic synthesis for constructing complex molecules with piperazine and phenyl moieties, which are crucial in medicinal chemistry.