Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of bioactive molecules targeting central nervous system disorders. Its structure allows for selective modification in drug design, making it valuable in creating analogs for serotonin and dopamine receptor modulators. Commonly employed in medicinal chemistry research for constructing piperazine-based derivatives with potential antipsychotic or antidepressant activity. Also utilized in the preparation of radiolabeled compounds for receptor binding studies.