Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of psychotropic and neurologically active compounds. Its structure supports the formation of piperazine-based derivatives, which are commonly found in antipsychotics and antidepressants. The presence of the chloroacetyl and fluoro-benzoyl groups allows for selective reactivity, enabling efficient coupling in multi-step drug synthesis. It is primarily utilized in research settings for the preparation of novel bioactive molecules targeting central nervous system disorders.