This chemical is primarily utilized in the synthesis of various pharmaceutical compounds. It serves as a key intermediate in the production of drugs that target the central nervous system, particularly those used in the treatment of psychiatric disorders such as depression and anxiety. Its piperazine moiety is often incorporated into molecules designed to interact with neurotransmitter receptors, enhancing their therapeutic efficacy. Additionally, it is employed in the development of compounds with potential anti-cancer properties, where its structure contributes to the inhibition of specific enzymes or pathways involved in tumor growth. The compound's versatility in medicinal chemistry makes it a valuable building block for creating diverse bioactive molecules.