Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. It is particularly valuable in the development of compounds targeting neurological disorders, such as anxiety and depression, due to its structural similarity to pharmacologically active piperazine derivatives. Additionally, it is utilized in the design of potential antipsychotic agents, leveraging its ability to interact with neurotransmitter receptors in the brain. Its hydrochloride form enhances solubility, making it suitable for experimental formulations and drug delivery studies. Researchers also explore its application in creating novel ligands for receptor-binding assays, aiding in the discovery of new therapeutic agents.