Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure, featuring both acetylpiperazine and acetic acid moieties, makes it valuable for designing drugs targeting neurological and psychiatric disorders. It is often employed in the development of compounds with potential antipsychotic, antidepressant, or anxiolytic properties. Additionally, its reactivity allows for further functionalization, enabling the creation of diverse derivatives for screening and optimization in drug discovery programs. Researchers also utilize it in studying receptor-ligand interactions, particularly in the context of central nervous system targets.