Using a hand mixer or stand mixer, beat cream cheese until it is smooth.
Add the peanut butter and beat until it's fully combined. It will look crumbly while mixing. Smooth it out by stirring it with a spatula.
Add the sugar 1/4 at a time. Do this at the slowest mixer speed. Again, it will look crumbly.
When it's all combined, smooth it out with a spatula.
Fold in the cool whip with a spatula and beat with mixer for 30 seconds until it's fluffy.
Pour the peanut butter mixture into the prepared chocolate pie crust and refrigerate for 2-3 hours.
When the pie is ready to serve, drizzle the top with chocolate and butterscotch syrup and crushed peanuts.