This compound is primarily utilized in pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting the central nervous system. Its structure, featuring a piperazine ring and a chloropropyl group, makes it valuable for designing compounds with potential antipsychotic or antidepressant properties. Additionally, it is employed in the preparation of ligands for receptor binding studies, aiding in the exploration of neurotransmitter systems and drug-receptor interactions. Its role in medicinal chemistry underscores its importance in advancing therapeutic agents for neurological and psychiatric disorders.