Used in pharmaceutical research as an intermediate for synthesizing bioactive compounds, particularly in the development of potential central nervous system agents. Its structure supports activity as a building block in creating novel piperazine-based derivatives with possible antidepressant, antipsychotic, or anxiolytic properties. Also employed in medicinal chemistry for structure-activity relationship studies due to its functional groups that allow further modification. Not used in consumer products or industrial applications; limited to laboratory and experimental drug design settings.