This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmacologically active molecules. It serves as a building block in the development of compounds targeting neurological disorders, particularly those involving serotonin and dopamine pathways. Additionally, it is employed in the creation of potential antipsychotic and antidepressant agents due to its structural compatibility with receptors in the central nervous system. Its piperazine moiety enhances binding affinity and selectivity, making it valuable in drug discovery and optimization processes.