Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system agents and psychotropic drugs. Its structure supports the creation of bioactive molecules due to the presence of both benzyl and piperazine moieties, which are common in medicinal chemistry. It is also employed in the preparation of selective receptor ligands, including those targeting serotonin and dopamine receptors. Additionally, it serves as a building block in the design of novel heterocyclic compounds for drug discovery research.