This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting specific enzymes or receptors. It serves as a key intermediate in the production of benzimidazole derivatives, which are known for their broad biological activities, including antimicrobial, antiviral, and anticancer properties. Additionally, it is employed in organic chemistry research for the construction of complex heterocyclic structures, aiding in the exploration of new therapeutic agents. Its role in medicinal chemistry is significant due to its ability to enhance the efficacy and specificity of drug molecules.