This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting the central nervous system. Its structure, which includes a benzylpiperazine moiety, makes it a valuable building block for developing compounds with potential antipsychotic, antidepressant, or anxiolytic properties. Researchers often explore its derivatives for their affinity to specific receptors, such as serotonin or dopamine receptors, which are critical in treating neurological and psychiatric disorders. Additionally, its amine functionality allows for further chemical modifications, enabling the creation of diverse drug candidates with optimized pharmacokinetic and pharmacodynamic profiles.