Used in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting central nervous system disorders. Acts as a key intermediate in the production of selective serotonin reuptake inhibitors (SSRIs) and other psychoactive medications. Its structure is valuable for creating molecules with specific biological activities, aiding in the treatment of depression, anxiety, and related conditions. Also employed in research for designing novel therapeutic agents due to its piperazine moiety, which enhances binding affinity to biological targets.