Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the design of drugs targeting neurological and psychiatric disorders, such as schizophrenia and depression, due to its piperazine moiety, which is known to interact with neurotransmitter receptors. Additionally, it is employed in the creation of ligands for receptor binding studies, aiding in the understanding of complex biochemical pathways. Its role in medicinal chemistry extends to the development of potential therapeutic agents with improved efficacy and selectivity.