Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of bioactive molecules targeting neurological and psychiatric disorders. Its structure supports the formation of ligands for receptor binding studies, especially in serotonin and dopamine receptor modulators. Commonly employed in medicinal chemistry for optimizing drug candidates due to its favorable solubility and hydrogen-bonding properties. Also utilized in the preparation of pyridinylpiperazine derivatives with potential antidepressant or antipsychotic activity.