Used primarily in the synthesis of heterocyclic compounds, it serves as a key intermediate in the production of pharmaceuticals, particularly in the development of antifungal and antibacterial agents. Its structure is also valuable in organic chemistry research for constructing complex molecules, especially those involving benzimidazole derivatives. Additionally, it finds application in dye manufacturing, contributing to the creation of specialized colorants for industrial and textile purposes. Its role in material science includes the development of advanced polymers with specific functional properties.