This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various pharmacologically active molecules. Its structure, featuring a piperazine ring and an ethylamine chain, makes it a versatile building block for developing compounds with potential therapeutic applications.

It is often employed in the design and synthesis of ligands targeting receptors in the central nervous system, such as serotonin and dopamine receptors. This makes it valuable in the development of drugs for treating neurological and psychiatric disorders, including depression, anxiety, and schizophrenia.

Additionally, its chemical framework is explored in the creation of compounds with potential antimicrobial or anticancer properties, leveraging its ability to interact with biological targets effectively. Researchers also investigate its use in the development of radiolabeled tracers for imaging and diagnostic purposes in medical research.