Used primarily in pharmaceutical research as an intermediate in the synthesis of bioactive compounds. Shows potential in the development of central nervous system agents due to its structural similarity to known neuroactive piperazine derivatives. Investigated for its receptor binding properties, particularly related to serotonin and dopamine receptors, making it relevant in the study of psychiatric and neurological disorders. Also employed in the creation of novel analogs for structure-activity relationship (SAR) studies in medicinal chemistry.